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Rep. Cantor on Efforts to Prevent Tax Hikes

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    Rep. Eric Cantor, (R-VA), on efforts to prevent the impending tax hikes and reform the tax code.

  • Duration 4:24
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-- did the other -- I -- -- -- the of this tax issue.

As you know all of these taxes expire -- bush tax -- by the end of the year.

-- think he seems to be you know the president wants to lead with just those on the rich -- -- Republicans have been arguing.

You know resume at least four W -- all of them or there's no deal.

Is it your sense congressman that.

If the elections gonna decide this whoever wins.

A lame duck session will rule accordingly those -- the president wins he will he will push and likely get.

The that the top great.

Back to 39 point 6%.

If Republicans win.

All stay the same renewed for another year would -- Well first on next week -- in the house we're gonna put a bill forward to make sure that we stop the tax hike.

And make sure that small business owners working families do not experience a tax -- And as you suggest the president has been -- willing to go along with us Harry Reid -- senate says we shouldn't do that either.

But instead what they are doing although they're saying they want to help small businesses and job growth.

The president's tax proposal we have seen is gonna -- job creation.

-- and young was out of the study I believe this week -- last.

Which demonstrated that the president's tax hikes which Harry Reid supports is putting on the floor in the senate this week.

Well actually cost this country 700000 jobs it will lessen economic output.

So if we if we don't see the president and Harry -- come our direction and insist on tax hikes I think you're correct I think the election is going to be dispositive on the tax issue people.

They decision witness and of course is -- -- And understood so -- Romney -- democratic -- they're gonna they're gonna push to shut down.

They're gonna push this to the wall.

And and and that is Democrats will say.

We're not giving up on this tax -- for the rich.

And of Republicans wanna fight as -- we're happy to fight that battle beast and -- Well we all know that Patty Murray took his senate floor and basically said that -- she's willing.

And to allow -- to do -- things she had to to ensure that taxes go up.

-- get that -- make a lot of sense of everyone around here and throughout the country says we ought to focus on job creation helping small businesses that's our point.

But we have to your point I do thank you Mitt Romney -- I think he'll win this election.

And once he wins this election will now be able to move in a direction which we say taxes are not going to go up and instead we're gonna go about tax reform.

Which is simplifying the code make it more fair fill the loopholes and get Washington out of the business of picking winners and losers in the tax code.

Congressman your colleague your house budget -- Paul Ryan is name is the latest being floated out of -- possible running mate for Mitt Romney.

Some Democrats seized on that very quickly salivating at the prospect of putting on the ticket -- -- Who was as follows.

He says reshaping in reforming Medicare Social Security in the light Democrats say trashing those programs.

They seem to be saying bring it on what do you make of that what do you make of the risk of -- Ryan's.

It's well listen I've always been a huge supporter is a good -- -- amount of Paul Ryan and what Paul has done is put out a budget.

That basically spells out a solution to a problem.

And that is we all know the driver of our deficit Saddam disproportionately is -- health care entitlements the Medicare Medicaid.

And we actually put a solution on the table for voting on.

The budget big came out of Paul and policy committee.

And in fact the president Harry Reid no none of them the Democrats have not put an answer to the problems on the table and I think that he is.

-- critical part of this election is -- fact that we're going this we're going to as a party.

It calls on the ticket with Mitt Romney if not.

We are as a party depositing solutions to solve problems where as the Democrats.

Really are victims of failed leadership and I think that this president is demonstrated he's in over his head on the economy.

He is not propose a solution to try and fix the deficit.

And this country really wants the brighter future and that's what the election won't turn on -- is why I think the Mitt Romney will win this election.

And we're gonna go about getting in this country back on track and people back to work.

All right leader -- very good having you be well.

Thank you very --