House Minority Whip Eric Cantor (R-VA) acknowledged that ending the Bush tax cuts will increase the deficit.
Appearing on MSNBC this morning, [Mr.] Cantor reiterated his support for renewing the Bush-era tax cuts for all income brackets, including high-income earners. But he was also forced to admit, with apparent reluctance, that doing so will balloon the deficit, at a time when deficits are the GOP’s supposed cause du jour.
“[I]f you have less revenues coming into the federal government, and more expenditures, what does that add up to? Certainly you’re gonna dig the hole deeper. But you also have to understand, if the priority is to get people back to work, is to start growing this economy again, uh, then you don’t wanna make it more expensive for job creators.”
When you’re in a hole, keep digging?