Congressman Cantor Previews Today's White House Debt Limit Meeting
"I’m looking forward to going to the White House today in what I believe is the beginning of the final stage of discussions to resolve the issue of the debt ceiling. There is no question that when we left the Biden discussions, there was a blueprint on the table where there could be over $2 trillion dollars in savings, consistent with what the Speaker’s mandate is, which is we are going to insist if we are going to vote for the debt ceiling increase, to make sure that the cuts we achieve exceed the amount of the debt ceiling increase.
"In addition, the talks that were ongoing up until ten days ago, were premised on how we can find common ground. Common ground is getting ahold of the spending situation so we can stop borrowing over 40 cents of every dollar we spend. I’ll make it clear, as I did then, that Republicans are not going to support tax increases. It is counterintuitive to think you can raise taxes in a sputtering economy. Again, I look forward to going to the White House with the Speaker and seeing how we can come together and resolve this issue, so that people across the country can regain some confidence and get back to work."