WASHINGTON, D.C. – Today House Majority Leader Eric Cantor (R-VA) delivered the following remarks after House Republicans met with President Obama at the White House:
"Today's meeting gave us an opportunity to express concerns that we have about the current situation in the economy. ADP issued a report today estimating that private sector job creation amounted to 38,000 new jobs in May, woefully short of the amount needed for us to see this economy get back on track and people get back to work. You know, I said to the President today, it's really important for us to focus on growth in this economy.
"As we go through the discussions in trying to get the fiscal house in order surrounding the debt limit vote, it is very, very important for us to look at growth as part of the fix. We can bring the deficit down through added jobs, but we can also get people back to work. We know that the Chairman of the Ways and Means Committee, Dave Camp, is hard at work in putting together a tax reform plan. I asked the President, hopefully, that he will work with us to do so and to keep out of the discussions surrounding the debt limit and in the Biden talks any notion that we're going to increase taxes. It's counterintuitive to believe that you increase taxes on those individuals and entities that you are expecting to create jobs."
Q & A:
Q: "Mr. Cantor, you mentioned the ADP report. Did the President have a response to that, did he respond to your concerns?"
Leader Cantor: "The President admitted that we have to look at growing this economy, and the discussion focused on the philosophical difference on whether Washington should continue to pump money into the economy, or whether we should provide an incentive for entrepreneurs and small businesses to grow. I think the President was well aware and admitted the fact that private sector job creation is not enough, and he did mention that a lot of the losses were in the public sector. Again, our message is focused on growth in the private sector, which is how we're going to help bring down the deficit and get people back to work."
Q: "Did the President talk about additional spending?"
Leader Cantor: "Well, the President had talked about a need for us to continue to, ‘invest’ from a Washington standpoint, which to a lot of us is code for more Washington spending, something we can't afford right now."
Watch Leader Cantor's Remarks HERE.
Watch the Q & A HERE.