Republican Leader Cantor Urges Extending Tax Cut for Wealthy
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Representative Eric Cantor of Virginia, the House’s No. 2 Republican, said Congress should do more than approve just a short-term extension of current tax rates for top earners, as a battle looms in Congress over the expiration of the tax cuts enacted under former President George W. Bush.
Cantor said failing to extend the reduction for the highest-earners on the same terms as for other Americans would create uncertainty that would threaten economic recovery.