Cantor Acknowledges S&P’s Warnings On Taxes, But Urges Colleagues To Ignore Them

Unlike his party’s presidential candidates and several of his congressional colleagues, House Majority Leader Eric Cantor (R-VA) seems to have heard that blast, as he sent a memo to congressional Republicans today acknowledging S&P’s calls for tax increases. Despite hearing those calls, however, Cantor is urging his colleagues to ignore them:

Over the next several months, there will be tremendous pressure on Congress to prove that S&P’s analysis of the inability of the political parties to bridge our differences is wrong. In short, there will be pressure to compromise on tax increases. We will be told that there is no other way forward. I respectfully disagree.