Video: The definitive Eric Cantor Power Point on Simpson-Bowles
By Elahe Izadi
October 25, 2012
If you're looking for a quick soundbite on Simpson-Bowles from Majority Leader Eric Cantor, keep lookin'. He's got a nearly seven-minute Power Point to explain his stance on the deficit reduction plan.
Is he pro or anti? "Unfortunately, it is not a question that lends itself to a simple 'I support it' or 'I oppose it' answer," he says.
Essentially, Cantor likes some parts of the plan that include proposals related to lower tax rates, federal retirement and reforming Social Security. But he has major beef with large portions, including the assumption that Bush-era tax cuts won't be extended for couples making more than $250,000 annually.