Majority Leader Cantor on Fiscal Cliff Negotiations and Spending Cuts

House Majority Leader Eric Cantor (R-VA) spoke to reporters about Speaker Boehner’s “Plan B” bill to avoid the… read more

House Majority Leader Eric Cantor (R-VA) spoke to reporters about Speaker Boehner’s “Plan B” bill to avoid the “fiscal cliff.” He said that House Republicans had the votes to pass the legislation, which would raise income taxes on earners who make $1 million or more annually. He also said the House would remain in session after the vote so as to be available for further “fiscal cliff” work.

“Fiscal cliff” referred to the impending tax increases and sequestration budget cuts at the end of 2012 if Congress failed to reach a new budget agreement.*"Sequestration," a legal procedure in which automatic budget cuts are triggered, was agreed to in the Budget Control Act of 2011. close

*The transcript for this program was compiled from uncorrected Closed Captioning.

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Majority Leader Cantor on Fiscal Cliff Negotiations and Spending Cuts

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Program ID:
310057-1
Category:
News Conference
Format:
Congressional News Conference
Location:
Washington, District of Columbia, United States
First Aired:
Dec 20, 2012

Airing Details

  • Dec 20, 2012 | 11:14am EST | C-SPAN 1
  • Dec 20, 2012 | 11:18am EST | C-SPAN 1
  • Dec 20, 2012 | 11:40am EST | C-SPAN RADIO
  • Dec 20, 2012 | 12:45pm EST | C-SPAN RADIO
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