House Republican Whip Eric CantorEric CantorRyan reelected Speaker in near-unanimous GOP vote Financial technology rules are set to change in the Trump era Trump allies warn: No compromise on immigration MORE (R-Va.) on Monday said he "will do everything in my power to stop President Obama and Speaker Pelosi from raising taxes on working families, small businesses, and investors."
"Raising taxes in this environment is a non-starter for me and millions of American small business people who are struggling to keep the lights on and meet their payroll obligations," Cantor said, adding, "I am calling on Speaker Pelosi and President Obama to allow all member of the House — Republican and Democrat — to vote on legislation that would prevent tax increases for every American."
Rep. Gerry ConnollyGerry ConnollyLawmakers join women's marches in DC and nationwide GOP, Dems hear different things from Trump Decaying DC bridge puts spotlight on Trump plan MORE (D-Va.) told The Hill last month that the Senate was looking at a temporary extension of all the Bush tax cuts.
Connolly supports an extension, but would like to see its cost offset. A one-year extension would cost about $35 billion.
Sen. Joe Lieberman (I-Conn.) also issued a statement on the Bush tax cuts.
"I will do everything I can to make sure Congress extends the so-called Bush tax cuts for another year," he said.
Lieberman joins a growing chorus of liberal lawmakers who are calling for at least a one-year extension of these tax breaks.
Sens. Evan Bayh (D-Ind.), Ben Nelson (D-Neb.) and Kent Conrad (D-N.D.) have already said allowing all the Bush tax cuts could hurt the recovery.
Lieberman also called on Congress to address the estate tax, which resets to 55 percent in less than four months.
"In our current economic situation, we cannot risk the economic headwinds that would be caused by tax increases," he said. "We need to keep as much money as possible in people's pockets and businesses's bank accounts."