Fox Business
Expand
Browse All Video
Watch Live

You're watching...

Rep. Cantor: Election Will Decide Future of Taxes

Details

  • Description

    Representative Eric Cantor, (R-Virginia), on the tax battle on Capitol Hill.

  • Duration 1:57
  • Date

Clips

Also in this playlist...

Taxation

Auto-advance: ON

Auto-advance
View All

Transcript

This transcript is automatically generated

More breaking news and a Fox Business right now.

The tax battle on Capitol Hill Fox Business -- rejection just sat down with house majority leader Eric Cantor and -- Fox Business exclusive.

-- -- -- -- -- -- -- Well -- the house is going to vote tomorrow on a fast track.

To overhaul the tax code house majority leader Eric Cantor says the election will decide the future of this tax code is because he says.

If President Obama is reelected taxes don't opt.

If governor Romney is elected.

They won't go up we also talked about that stopgap spending bill some Republicans were disappointed because it -- nineteen billion dollars more annually.

Then their budget so we asked the majority leader if that spending bill was a disappointing deal flow.

And we've not done as much as we'd like that's that's goes without saying it's been a very difficult year and a half.

Because.

What we see is an unwillingness on the part of Harry Reid and senate and the White House to join us at the table -- provide some solutions Barack Obama get so.

Elected again taxes are going up.

If we're successful and Mitt Romney has elected.

We're not gonna see taxes go up and I do think we can go about real tax reform that will help its economy back on track.

We just spoke about the Federal Reserve you Citi do -- to -- into monetary policy and that it was congress' job.

To deal with fiscal policy Democrats would say this fast track on taxes -- too many preferences too much of a fast -- too much preference.

To wealthier taxpayers they say that there against did admit that we should have what they call -- shared sacrifice.

And attacks should go up on those earning more than 250000.

Dollars a year.

House majority leader and other Republicans say no way and so we are still -- that tax impasse and has majority leader says will be decided by the election.

Smart of him to stay away obviously from fed policy on fed day rich Edson with an exclusive interview with -- can't.

Load More