House Republicans are balking at putting a rubber stamp on the “Fiscal Cliff” Deal passed by the U.S. Senate overnight – a deal that raises tax rates but has almost no spending cuts. Many in the media seemed to assume the House Republicans would feel forced to just go along with it – and they still might. But it is clearly in trouble, with the No.2 Republican in the House – Majority Leader Eric Cantor – saying this afternoon he does not support the bill:
POLITICO: A carefully-crafted Senate compromise to avert the fiscal cliff could be in jeopardy, as House Republicans seem nearly certain to tweak the legislation and send it back to the Senate because it doesn’t contain sufficient spending cuts. The anger came to a head in a closed House Republican Conference meeting in the Capitol basement Monday, when the opposition to the bill — which would extend tax rates for families making less than $450,000 — was overwhelming, sources inside the room said.
House Republican leadership dispersed from the meeting mulling how to proceed with the Senate bill, which passed shortly after 2 a.m. Republicans are expected to meet again later Tuesday afternoon to try and settle on a decision.
In a real sign of trouble, House Majority Leader Eric Cantor, No. 2 in House leadership, came out in opposition to the package. . . . Read More
Reuters quotes “Senate Democratic leadership aide” : If the House makes changes, the Senate would not take up that legislation— Mike Allen (@mikeallen) January 1, 2013
I’ve come around to hoping House GOP blows up this deal.— Joe Trippi (@JoeTrippi) January 1, 2013
Extra amusement re cliff deal coming from libs in my replies ignoring near-total lefty opposition to Bush tax cuts in 2001. Obamanesia.— Just Karl (@justkarl) January 1, 2013
Cantor is right to oppose senate tax and spend billHouse gop should amend with spending cuts and send back to senate— Newt Gingrich (@newtgingrich) January 1, 2013
Try this as link to Senate bill: thomas.loc.gov/cgi-bin/query/…::— Mark Knoller (@markknoller) January 1, 2013
Here is video of House Speaker John Boehner and House Majority Leader Eric Cantor holding a Press Conference today about the “Fiscal Cliff” negotiations. Boehner said Obama is still dithering about whether to accept spending cuts as part of the plan. Therefore, Boehner said Republicans are going to offer “Plan B” that would go ahead and extend tax cuts on people making $200,000 or less, or couples making $250,000 or less, and would add tax hikes on people making over $1 million. The House may pass this as part of a bill on Thursday and send it to the Senate. This is what Boehner has essentially offered to Obama as part of a deal, and to put pressure on him, Boehner appears ready to pass this out of the House to demonstrate Republicans will not be to blame if no broader deal is agreed to.
Here is video of GOP House Majority Leader Eric Cantor on “Meet the Press” today where he endorsed Mitt Romney for President. Cantor said he believes Romney has the plan that can put America back to work, and turn the U.S. Economy around.
Here is video of GOP House Majority Leader Eric Cantor saying President Barack Obama believes Government “government is in place to promulgate rules and regulations to somehow settle scores.” Cantor said Obama needs to “Stop the policies in Washington that are wrecking the American economy.”
Here is the Drudge Report headline early this morning on President Obama’s angry walk out on the Debt Limit talks at the White House. GOP Rep. Eric Cantor described Obama as getting “very agitated” that he and other Republicans would not budge on raising taxes.
Here is audio of House Majority Leader Rep. Eric Cantor (R-VA) describing President Barack Obama’s angry walkout on the Debt Limit Talks at the White House. Cantor said Obama got “very agitated,” and told him that “Ronald Reagan” would not sit here like this. Obama then told Cantor, “Eric, Don’t call my bluff,” that he was “going to the American people on this.” Obama then “shoved back from the table,” said “see you tomorrow,” and “walked out.”
Obama is not getting his way on raising taxes, and he’s acting like a petulant child. Republicans must not give in to his tantrum-throwing, not matter how bad it gets.
According to House Majority Leader Eric Cantor, President Obama has walked out on Republicans in the debt talks which caused the meeting to end “abruptly.”
H/t: Gateway Pundit
UPDATE 10:17 PM ET – More details are emerging on Obama’s walk out today. ABC News reports:
“It cannot all be on us,” the president said, arguing that Republicans need to give on the revenue side of things as Democrats are willing to do so on spending cuts.
“Don’t call my bluff,” the president said. “I am not afraid to veto and I will take it to the American people.”
If Moody’s, the credit rating agency that announced a review of U.S. credit, downgrades the United States, President Obama said, “it will be a tax increase on every American.”
There needs to be a long-term debt extension, the president argued.
“This may bring my presidency down, but I will not yield on this,” he said.
Then he stood up.
“Enough is enough,” the president insisted. “We have to be willing to compromise. It shouldn’t be about positioning and politics, and I’ll see you all tomorrow.”
Then he left the room. . . . Read More