House Republicans Vehemently Oppose Tax Increases

Leading congressional Republicans renewed their vehement opposition to tax increases Wednesday, as President Barack Obama prepared to put forth his new prescription to combat slow growth and national indebtedness.

“Most people understand that Washington doesn’t have a revenue problem, it has a spending problem,” said House Majority Leader Eric Cantor, R-Va. “We can’t raise taxes. … That was settled last November during the elections.”

“The president hasn’t even engaged in negotiations,” Ryan said, “so I’m glad he’s starting this conversation. … We don’t have a problem because Americans don’t pay enough taxes.”

Cantor was interviewed on CBS’s “The Early Show” and Ryan was interviewed on ABC’s “Good Morning America”.