Cantor on Taxes, One Last Time
The full policy paper released on the heels of Rep. Eric Cantor’s (R-Va.) speech today makes it clear: Republicans want a bipartisan commitment to no new taxes until unemployment falls below 5 percent, but after that point they’re not going to back tax hikes. From the paper:
While there is a philosophical difference between the two parties when it comes to taxes, we believe we should find common ground on the premise that the government should at a minimum never raise taxes during periods of high unemployment.
While Republicans will continue to fight both new initiatives that are premised on tax increases and automatic tax increases that are imbedded in current law, we urge a bipartisan commitment to blocking such tax increases at least until unemployment is below 5% again.