Tags: cantor | taxes | budget | deal
Image: Cantor Suggests - Then Denies - Room for More Taxes on Budget Deal

Cantor Suggests - Then Denies - Room for More Taxes on Budget Deal

Friday, 05 Apr 2013 12:27 PM

By Lisa Barron

House Majority Leader Eric Cantor seemed to indicate earlier this week that there might be some give on taxes if the White House relents on entitlement reforms, although he later denied it.

In an interview with The New York Times published Wednesday, the Virginia Republican said if President Barack Obama is “serious about fixing the problem,” referring to the budget deficit, “then we’ll see” about additional taxes.

When pressed on the issue, however, Cantor returned to the hard-line GOP leadership position that the House would not back higher taxes, noted the Times.

Secret ‘Financial War’ Will Wipe Out Your Wealth, Warns Pentagon Adviser

Cantor also complained that Obama has not embraced changes to Medicare, Medicaid, and Social Security that Republicans say are needed to reach a deficit reduction deal.

But the Times reported Friday that the president now plans to unveil some cuts to entitlement programs as evidence of his willingness to compromise when he sends his annual budget proposal to Capitol Hill next week. The president's budget plan would also replace the automatic spending cuts on military and domestic programs that took effect March 1.

Obama's proposal is scheduled for release on Wednesday shortly before a dinner outing with a dozen Senate Republicans. The dinner will mark the second time in recent weeks Obama has met with GOP lawmakers in an informal setting to discuss budget and other issues.

Cantor may have recanted his comment about looking at addition tax revenues. But other Republicans have suggested the same thing in recent weeks. On March 17, for example, Tennessee Sen. Bob Corker reportedly said, “Republicans, if they saw true entitlement reform, would be glad to look at tax reform that generates additional revenue.”

And Oklahoma Rep. Tom Cole told the Times, “Now that each side has recognized that the other cannot be bullied but must be bargained with, we have an opening to get things done.”

© 2015 Newsmax. All rights reserved.

Around the Web
Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
Zip Code:
Privacy: We never share your email.
Hot Topics
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
Top Stories
You May Also Like

Israeli Ambassador: Boehner's Job to Tell Obama About Netanyahu

Friday, 30 Jan 2015 20:04 PM

Israel's ambassador to the United States says it was House Speaker John Boehner's responsibility to give a heads-up to t . . .

WSJ: Underground Network Helping Terrorists Operate

Friday, 30 Jan 2015 19:33 PM

The Islamic State (ISIS) is believed to be operating an underground network that may have helped terrorist Amedy Couliba . . .

Senate GOP Debates What to Do Next With Iran Sanctions Bill

Friday, 30 Jan 2015 18:24 PM

Now that an Iran economic sanctions bill has made it out of committee, Senate Republicans are debating how to proceed. . . .

Most Commented

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

America's News Page
©  Newsmax Media, Inc.
All Rights Reserved