House Majority Leader Eric Cantor (R., Va.) hopes to axe a trillion dollars from the federal budget.
“We can accomplish well over a trillion dollars in cuts,” said Cantor, a leading Republican in debt-reduction talks, on Face the Nation. “The striking thing is, you get different people in the room of different philosophies and persuasions and what we’ve actually seen is that it’s easier to find places to cut and to gain efficiencies than the Democrats may have thought otherwise.”
“Everything is on the table,” he said. “As Republicans, we’re not going to go for tax increases. I think the administration gets that. But we’ve also put everything on the table as far as cuts.”