Cantor Tells Republicans To Dig In On Tax Increases


A lot of finger pointing has been happening since Standard and Poor’s downgraded the country’s credit rating from AAA to AA+.  But just because S&P said they based their decision at least partially on Congress’s obvious unwillingness to rescind the Bush era tax cuts for the rich doesn’t mean the Republicans feel like it was the wrong move economically.  In fact, House Majority Leader Eric Cantor is stating that in the wake of the downgrade, the GOP needs to stand firmer on the idea of “no tax increases.”

Via Talking Points Memo:

“Over the next several months, there will be tremendous pressure on Congress to prove that S&P’s analysis of the inability of the political parties to bridge our differences is wrong,” Cantor wrote. ” In short, there will be pressure to compromise on tax increases. We will be told that there is no other way forward. I respectfully disagree…. I firmly believe we can find bipartisan agreement on savings from mandatory programs that can be agreed to without tax increases. I believe this is what we must demand from the Joint Committee as it begins its work.”

I guess we can look forward to a AA rating pretty shortly.

Related Stories:

Whose “Downgrade” Is It?

Pelosi: Make Super Committee Transparent

Markets React To A Flawed S&P

photo credit: wikimedia commons

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Hope S.
Hope Sellers4 years ago

Down with the GOP and all those who promote their agenda. Vote them out!

Carole R.
Carole R.4 years ago

What a mess. It makes me so sad.

Dan B.
Dan Brook4 years ago

The regressive Republican Party of No is obstructionist, mean-spirited, thuggish, religiously fanatical, scientifically ignorant, corrupt, hypocritical, xenophobic, racist, sexist, homophobic, evolution and global warming denying, oily, anti-environment, anti-consumer, anti-choice, anti-education, union busting, Medicare and Social Security slashing, fiscally irresponsible, authoritarian, selfish, greedy, out-of-touch, lacking compassion, warmongering, and otherwise dangerous.

NEVER vote for Republicans.

pat B.
pat B.4 years ago

He works for those who want to extract all from us in the USA.
Go to youtube and click on Dylan Ratigan's "rant".
He told the truth.
And people...WAKE UP ! So many are asleep at the wheel !

Yvette S.
Past Member 4 years ago

I don't know about you but I am tired of subsidizing entitlements for the rich.

Glenn M.
Glenn Meyer4 years ago

Cutting spending on, so called, entitlements is ineffective for addressing the deficit. Cutting programs that support the low and middle class will further strain both who don’t even receive lower prices as a result of the U.S. job losses and create a disconnect that will end in another financial collapse. The justification for attacking government benefits as opposed to raising taxes is the creation of jobs. But where?

Corporations have over-powered our government which now believes that out-sourcing and off-shoring of U.S. jobs is inevitable and necessary with expectations that the middle class should fall on their swords. It is the underlying cause of the financial collapse and borders on national security with the loss of our middle class tax base. Yet, this nation does nothing, not even demand it be restricted by whatever method. International businesses are doing the UN-AMERICAN activity of destroying U.S. salaries, U.S. businesses that hire in the U.S., and as an end result, destroying the U.S. marketplace while still demanding BUSINESS ENTITLEMENTS and protections for themselves.

Infrastructure spending and tax breaks will not replace enough jobs to keep up with the hemorrhaging loss of U.S. jobs from out-sourcing over seas. Neither party will do anything about it unless we begin grass roots efforts to protest out-sourcing and off-shoring of U.S. jobs. If nothing is done we will deserve what we get and it will get a lot worse before it gets better

Julian Adler
Julian A.4 years ago

Eric may have unfortunately risen to a lofty position of power in this insane Congress but in the grande scheme of things he is still nothing more than a third rate dick.

Lynne B.
Lynne Buckley4 years ago

Yeah, that's right Cantor. Keep talking like an idiot so that your rich backers and cronies can keep getting richer. Disgusting.

Kathy P.
Kathy P.4 years ago

@ Steve R - check your facts before you spew your misinformation. All of your so called "facts" are false.

Robert Hamm
Robert Hamm4 years ago

High Fives Mercedes