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Cantor: President should put ObamaCare on negotiating table

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    House majority leader weighs in on spending battle

  • Duration 7:13
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Whatever top stories now lawmakers getting back to Washington back to work -- only weeks left to reach a deal on the so called fiscal -- 35 days people.

This is more Republicans say that -- consider tax changes occurred the federal deficit.

If it Democrats consider entitlement reform.

Eric Cantor of Virginia congressman -- house majority leader good to see you would get a good Thanksgiving very nice could be thanks for coming back to New York.

Put all this other stuff to the side.

Can you say right now whether or not there will be a deal on December 31 I sure hope so I sure hope so because we know the law is.

After that point come January 12013.

Taxes are gonna go up for every one.

It is not just going to be what the president wants to continue say in terms of raising taxes on the wealthy it's everything.

So we know that that will happen we don't want that to happen that's a punishing strategy.

We want to try and avoid going all the fiscal cliff and I hope that.

You know my counterparts from -- other -- Nadal will join us and that the president will step up and make sure this how that was not a yes.

-- and that was it may be again there is a process that weren't really you know in in Washington is the White House the house and senate.

I think that pretty much on our side of the -- and in the house we want to make sure we don't go over the cliff.

What you hear from folks like Patty Murray the incoming chair woman of the Budget Committee in the senate is she thinks we ought to go off the cliff.

You know so that's sort of what we deal with right now and I hope -- reasonable loans will prevail and realize.

Taxes are going up on every one and we don't want that to happen is not good for our economy's not good for hard working.

Taxpayers this country that Republicans ever on the talk shows on Sunday Peter King was one of them to -- the door appears to be cracking at least on the right when it comes to.

Revenue.

Not tax.

Raised the tax revenue here's Peter King.

President Obama won he won Ference well we won the house we -- -- fairest -- Democrats took control of senate.

Slight -- the democrats' bottom line.

If so we it's -- what what's find a way to get -- been resolved as much as possible between now and the end of the year.

And so what they're talking about again as tax revenue in the house speakers talked about that John Boehner Mitt Romney campaign Don.

Right and John -- wins the White House in ten days or so ago and put revenues on the table.

And again.

We don't think that raising tax rates is something that's good for this economy that will help grow jobs and so what we have said is there are ways for the federal government to -- -- have more revenue if we grow this economy engaged in tax reform that's the proposal we've got on the table but let's remember what all this is about.

You could put taxes at a 100% on the wealthy and not solve the problem -- spending.

We have got to get to the problems stop digging this hole in terms of spending money we don't have -- run in a trillion dollars in deficit every year plus.

That's the proposals we put on the table to stop that.

We're looking at the president to come forward with his -- not just the president -- would you looking at Democrats in congress -- at the house of the senate where are they willing to give.

When it comes to entitlement reform on Medicaid.

Medicare and possibly and social secure.

And and that's the question of that's what we've got to -- from Nancy Pelosi Harry Reid and the president where is.

Their proposal to actually fix the problem.

Because raising taxes is not gonna fix the problems we've always believed.

That raising taxes is going to be harmful to raise small business man or woman in Creighton job.

And you know I -- I tell this story about a -- that I met in an airport.

When he told me cannot -- congress -- please do something about the problem in Washington -- more jobs is that I had to take it cook's position because our couldn't find a job.

The best met my skill set in the construction industry I wanna go and find that job to make the kind of money that I want.

Feel I'm worth.

But if you raise taxes on the small business man or woman -- -- that job.

That is.

Creating less of a likelihood that you're gonna craved the job so you have this dance now -- -- trying to thread this needle the difference between.

Raising tax revenues and raising tax rates and there is a distinction I get it.

But your constituents get it they get a look at -- and say hey you guys can.

Well I mean I think at the end of the day they elected and reelected to house majority.

Based on are trying to resolve the problem trying to fix a problem and right now the problem still remains unemployment is too -- the growth rate in this economy is too slow.

How we gonna fix that that's what the folks at home -- looking -- they are not clamoring to say hey let me pay more money in the Washington.

-- specially if Washington can't get ahold of the underlying problem on the entitlements and the unfunded liabilities in these Social Security Medicare Medicaid program.

This cut my -- from last Friday I do believe.

House speaker John Boehner riding in the Cincinnati Enquirer the president's health care law adds a massive expensive and workable.

Government program at a time and our national debt already sees the size of our country's entire economy.

That's why I've been clear that the law has to stay on the table as both parties.

Discuss ways to solve our nation's massive debt challenged in these negotiations.

Is -- -- being negotiated.

If the president is serious about joining us and it's fixing the problem he ought to be.

Putting Obama -- materials -- question in my mind that is the -- expansion.

A government programs -- you say at the moment that that's being talked about all I can say is the president really has got to get serious and this speaker is correct.

That Obama care is such an expansion.

Government spending and involvement in folks' lives it ought to be on the table you wonder what he is willing to concede on that that would be -- very interesting conversation.

Thursday's article is now being written ever since the elections the president has more clout now.

Well -- do you see it that way I think look at but you can also say the fact that we -- reelected as majority in the house.

And so we also have a say Elvis and obamacare remains wildly unpopular.

And it's wildly unpopular because I think people understand they don't want rationing.

But some bureaucrat in Washington some -- -- health -- is concerned.

I think most Americans want health care this patient -- between them and their doctors.

So when you look at obamacare and what really I think we can see about making that -- go away there are some provisions in there there's taxes on medical device industry -- cause people.

Two to lose access perhaps to certain kinds of treatment.

That will actually provide a lot of harm to job growth and a very growing industry in this country and medical device -- There's also this thing -- called the independent payment advisory board.

That is the essence of Washington controlling.

All the health cares about this country there's bipartisan support to do away with that there will the president sign it.

Yet yet to be -- Eric Cantor thank you we are gonna work through this for the next 3435.

Days.

And possibly beyond -- so will be in touch review and many others -- thank you.

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