- Each side came into these talks with certain orders, and as it stands the Democrats continue to insist that any deal must include tax increases. … Given this impasse, I will not be participating in today’s meeting and I believe it is time for the President to speak clearly and resolve the tax issue.
- Rep. Eric Cantor • Speaking on negotiations between Democrats and Republicans on raising the U.S. debt limit. Cantor, as well as Senator Jon Kyl, have abandoned the negotiations over tax raises the Democrats insist on pairing with the spending cuts the GOP is thirsting for. Speaker Boehner says that talks could continue if tax raises are off the table, which is obvious — if the Democrats abandon what they want out of this deal, it could get done, but that’s more caving than compromise. Cantor says they did find areas of compromise, though: “I believe that we have identified trillions in spending cuts, and to date, we have established a blueprint that could institute the fiscal reforms needed to start getting our fiscal house in order,” he notes. source
