UPDAT1-US Republican whip seeks vote on Bush-era tax cuts

(Updates with more details)

WASHINGTON, Sept 13 (BestGrowthStock) – U.S. House Republican Whip
Eric Cantor called on Monday for a vote on legislation to
extend all Bush-era tax cuts, including those for the rich that
President Barack Obama wants to see expire at year’s end.

Cantor took the action a day after House of Representatives
Republican Leader John Boehner appeared to open the door for a
possible compromise on taxes.

Boehner said on Sunday that if given no other choice, he
would support extending tax cuts for the middle class — even
if cuts for the wealthy are allowed to expire, effectively
raising their taxes.

Unlike Boehner, Cantor, the number two House Republican,
showed no sign of backing away from a full renewal of the
Bush-era tax cuts in advance of the Nov. 2 congressional
elections in which Republicans are seeking to wrest control of
Congress from Obama’s Democrats.

“Raising taxes in this environment is a non-starter for
me,” Cantor said in a statement.

“I am calling on (Democratic House) Speaker (Nancy) Pelosi
and President Obama to allow all members of the House —
Republican and Democrat — to vote on legislation that would
prevent tax increases for every American,” Cantor said.

Opinion polls show a majority of Americans support letting
the tax cuts for the wealthy expire, but the issue has made
some Democrats nervous ahead of the hotly contested elections.

Boehner, appearing on CBC’s “Face the Nation” on Sunday,
said Obama’s proposal to renew lower tax rates for families
making less than $250,000 but allow the lower rates for
wealthier Americans to expire was “bad policy” — but he will
support it if he must.

“If the only option I have is to vote for some of those tax
reductions, I’ll vote for it,” Boehner said. “But I’m going to
do everything I can to fight to make sure that we extend the
current tax rates for all Americans.”

Obama has pressured Republicans to quickly agree to a
permanent extension of the middle-class cuts but cites a
Congressional Budget Office estimate that extending cuts for
the wealthy would increase the budget deficit by $700 billion
over a decade.

(Reporting by Thomas Ferraro, editing by Vicki Allen)

UPDAT1-US Republican whip seeks vote on Bush-era tax cuts