Cantor: Time To Find Agreement
October 16, 2011
House Majority Leader Eric Cantor (R-VA) said the president should “stop campaigning,” and “find the things that are in common,” between the House Republican jobs plan and his.
The president’s jobs plan was defeated in the Senate this week.
“The plan in total was one that was met with a lot of resistance frankly on both sides of the aisle…So, when the president spoke that night, I said, let's work together, stop the all-or-nothing approach,” Cantor said.
The way forward on jobs legislation seems to be to consider some of the elements of the president’s plan separately.
“Fox News Sunday” host Chris Wallace asked Cantor where the points of compromise are.
Cantor said House Republicans, “had bills coming forward the president says he supports that helps small businesses to access financing and capital so they can begin to grow and create jobs. The president talks a lot about the need for unemployment insurance reform. We've had that in our plan.”
Cantor added that he agrees, “there's a need for some infrastructure spending in this country,” but added the process needs to be reformed so it isn’t weighed down in bureaucratic red tape, “so thick, you can't get the money to the jobs.”
The House Majority Leader addressed what he believes is wrong with sending more money to the states for teachers and first responders.
“We saw what happened with the stimulus money. Much of that went to the states. And you know what happened? It sustained some jobs for about a year and then the states were faced about with billions of dollars in debt once that year was over it.”
House Republicans released their own plan for job growth in May, one that relies on cutting regulations, spending and tax rates.
“We believe in private enterprise. We believe in small business. Our job creators' agenda is just that,” is how Cantor described the plan.
A charge the president has made recently is that his plan has been analyzed, and economists have found it would create jobs and economic growth, but the GOP plan has not been scored.
“We put forward a plan at the beginning of the year, our budget, and we had independent Congressional Budget Office scoring which did several things. It talked about the fact that our plan actually dealt with the one crisis bringing down the debt and deficit over $6 trillion and it did talk about the ability for our plan to grow new jobs, yes.”
Cantor voiced optimism that the committee responsible for finding $1.2 trillion in spending cuts will meet its target.
“I think folks in this town on both sides of the aisle know that we can't fail. There has to be success and an outcome here.”