Cantor Says House Republicans ‘Didn’t Come Here to Raise Taxes’
July 11, 2011 12:50PM ET
(Bloomberg) -- House Majority Leader Eric Cantor said Republicans “didn’t come here to raise taxes” today after President Barack Obama challenged the party to compromise on a deficit-cutting plan.
“Barack Obama wants to raise taxes and Republicans don’t,” Cantor of Virginia told reporters in Washington. He said Obama sought $1 trillion in tax increases. Any deal “has got to be revenue neutral,” Cantor said, meaning it would not result in higher income to the government.