WASHINGTON, D.C. – House Majority Leader Eric Cantor (R-VA) today issued the following statement regarding President Bill Clinton’s remarks on raising taxes and harmful regulations:
“President Clinton is right, now is not the time to raise taxes and we ought to be working together to produce results and get people working again. I also agree with his comments on Meet the Press that, ‘Right now, what we need to do is put Americans back to work, get growth growing, and then bring this debt down.’ Real pro-growth tax reform, encouraging innovation, and a sensible regulatory policy will create the confidence for people to invest again, create jobs and increase revenue to pay down our debt. Instead, President Obama wants to raise taxes, which won’t grow America’s economy, and will only grow Washington.
“People don’t expect Republicans and Democrats to agree on everything, but they do expect us to overcome those differences and find common ground. Throughout the country, families are struggling to make ends meet and the economy remains badly stalled with millions unemployed. Raising taxes on small business people, job creators, and investors is exactly the wrong prescription. We need to foster an environment where businesses can grow and create jobs right away. I hope President Obama will heed the advice of President Clinton and drop his demand for one of the largest tax increases in American history. House Republicans stand ready to find common ground, grow the economy and get people back to work.”