Cantor: Taxes, Not Loopholes, Killed Talks
July 6, 2011
House Majority Leader Eric Cantor (R-Va.) said Wednesday that Republicans did not leave the debt talks over corporate loopholes, as President Obama said, but over taxes.
For the first time since President Obama publicly blamed GOP lawmakers last week of leaving bipartisan negotiations over “loopholes,” Cantor told reporters “that’s just not the case.”
Cantor was emphatic that the impasse was due to Democratic demands to raise taxes to pay down portions of the debt ceiling increase; Republicans said from the start of the debate that tax increases are a non-starter.
“To hear the president come forward an indicate somehow that those talks stopped or somehow blew up over loopholes is just not the case,” Cantor said to a roomful of journalists.
Cantor called it “not serious to say that somehow we Republicans walked out over a corporate loopholes.”
Cantor, the second most powerful House Republican, who spent over six weeks engaged in the bipartisan negotiations led by Vice President Joseph Biden, said he intends to deliver that message directly to the president at a White House meeting on Thursday.