The No. 2 Republican in the House leadership says he opposes a Senate-passed measure to avert the so-called fiscal cliff.
Virginia Rep. Eric Cantor told reporters after a two-hour closed-door meeting Tuesday with his GOP lawmakers that he did not support the bill.
He said House leaders were looking for “the best path forward” and that no decisions had been made.
The Senate passed the measure early Tuesday by a sweeping 89-8 vote. House passage of the measure would send it to President Barack Obama for his signature. The bill would increase taxes on family income exceeding $450,000 and delay across-the-board spending cuts for two months.
House GOP leaders were considering amending the measure and sending it back to the Senate, but that step could produce a deadlock.
(AP)
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The bill increases taxes on virtually everyone – someone earning $100K pays an extra $2K in tax – which is a pretty big hike. This is a broad general tax increase, and is anything but targetted on the “rich”.
And it doesn’t addresses the deficit or excessive federal spending or levels of entitlements that aren’t paid for (including social security and medicare that “guarantee” paying recipients vastly more than they ever paid into the system).