WASHINGTON, D.C. – House Majority Leader Eric Cantor (R-VA) today issued the following statement regarding Democrats’ plans to raise taxes:
“The buzz continues to build about the President’s much anticipated ‘budget do-over’ speech tomorrow where he will outline his plan to hike taxes on families and business owners in order to get a grasp on our deficit and debt crisis. Not only is raising taxes the wrong move in the current economic environment, but it locks in the Democrats’ status-quo agenda to keep spending taxpayer dollars on duplicative big-government programs. Furthermore, it’s the latest in a series of flip-flops from the President and an affront to the bipartisan tax deal that he negotiated with us this winter and has repeatedly credited for the economic uptick.
“Republicans are focused on bringing down our debt, but taxing families and business people is not the answer. We understand that cutting spending alone isn’t enough, which is why our budget implements pro-growth policies to get our economy flourishing and people back to work. Families and small business people are struggling, and later this week millions of them will send their hard earned money to Uncle Sam – the last thing we should be asking them to do is send more. I look forward to meeting at the White House tomorrow, and will make clear to the President that Americans don’t want their taxes raised, they want Washington to get its fiscal house in order, which is why he, Leader Reid and Leader Pelosi need to work with us to cut spending, implement pro-growth tax reform, and rule out raising taxes.”