Leader Cantor Discusses the Debt Limit and Tax Reform on CNBC

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On the Debt Limit: “America pays its bills. Everybody agrees that we've got to pay our bills. I don't think that comes at the exclusion of trying to fix the problem. We are in a debt crisis. The markets, global investors, the American people are expecting us to deliver on our commitment that we're going to change the spending crisis in Washington. So, together with the debt limit vote there has to be some real reforms, and I mean real, not the typical Washington, kick the can down the road stuff, but real things that can produce savings and actually begin to change the way that the culture works.”

On Tax Reform: “In a reformed tax code, what we are saying is lower rates, broaden the base, and get rid of the special interest loopholes. Each year what happens, in the crony capitalist spirit, is that industries go to Washington and try to get an advantage in the tax code. We want to stop that. Now, can you stop it right now? No. But we want to make sure we put in place ways to go about affecting real tax reform to bring down rates. We want to grow this economy again. We want to grow this economy so you do have increased revenues while you're trying to hold down the spending side.”

Watch Leader Cantor’s Full Interview HERE.

 

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