House Republican Leader Eric Cantor opened the door Thursday to discussing tax "loopholes" but reiterated that Republicans do not want any net increase in taxes, before entering what could be a marathon meeting at the White House over deficit reduction.
Cantor was one of six congressional leaders huddling late Thursday morning with President Obama and Vice President Biden as all sides try to break an impasse in long-running budget talks. Republicans want to see significant spending cuts as a condition for raising the $14.3 trillion debt ceiling. Ahead of an Aug. 2 deadline, GOP leaders have balked at Democratic efforts to blend a mix of tax increases into a deficit-reduction deal.
But as Obama suggests Republicans are holding up the deal over resistance to ending tax breaks for corporate jet owners and other select classes, Cantor said that's just "not the case"...