Rep. Eric Cantor (R-Va.), the House majority leader, said Thursday he was pulling out of deficit reduction talks, throwing into jeopardy the ability of the White House-led negotiations to strike a budget deal with congressional leaders by this summer's deadline.
Cantor cited an impasse over the tax issue, and pressed President Obama to more forcefully lead the negotiations to a conclusion.
"Democrats continue to insist that any deal must include tax increases," Cantor said in a statement. "There is not support in the House for a tax increase, and I don't believe now is the time to raise taxes in light of our current economic situation.....
Why do the Republicans insist on protecting the wealthy? Anyone with an ounce of common sense would realize that if you don't have enough money that you have to find a way to get more money. The only way to raise money is to increase the taxes on the wealthy. Is Cantor so blindly following his pro-business ideology that he has lost all common sense?
Ed Schultz has been talking about the following MotherJones graph this week:
While the rich have gotten richer, American productivity has increased, but wages have remained stagnant. While Eric Cantor says that the House will not vote for tax increases, you have to wonder why he just doesn't care about Middle Class, working Americans. The rich and corporate executives might be supplying his campaign cash, but he is supposed to represent real voters. He just doesn't care. Eric Cantor's constituency appears to be the wealthy, who despite massive tax cuts in the past, still haven't created any jobs.
