Politics
4:38 pm
Thu July 14, 2011

Eric Cantor: The 'Young Gun' In The Debt Standoff

As the debt-ceiling talks descended into yet another day of deadlock, Democrats tried to pin blame on a new target: House Majority Leader Rep. Eric Cantor.

That Cantor is at the center of the acrimonious debt-ceiling discussions should surprise no one who has followed his efforts to mobilize small-government conservatives.

"Young Guns," the No. 2 Republican in the House calls them — and himself — in a book he co-wrote last year with two like-minded House colleagues.

Accounts of Cantor's rise from Richmond, Va., prep schooler to Republican House Leader are laced with tales of ambition, money-raising prowess and anti-tax fervor.

But with Wall Street and many on Capitol Hill increasingly alarmed at the political stalemate over upping the nation's borrowing ability, Cantor's no-compromise tactics have come under fire even within his own party.

He has walked out on bi-partisan debt ceiling meetings with Vice President Joe Biden. Tangled with an increasingly aggravated President Obama. Treated sensitive closed-door negotiations as fodder for public statements.

And neutralized his on-paper party superior, House Speaker John Boehner, after the long-time Ohio Republican appeared ready to make a deal with the White House.

That deal, which reportedly included significant spending and entitlement cuts, appealed to many moderate Republicans. But for Cantor and his fiercely loyal tea party-fueled caucus members, whose votes are needed to pass any agreement, the proposal was DOA because it included a rollback of tax breaks for the wealthy.

Precipice of disaster?

Cantor, 48, born into a family steeped in Virginia Republican politics, now finds himself, and his political ambitions, at a precarious moment.

On Thursday morning, Senate Majority Leader Harry Reid (D-NV) called for Cantor to remove himself from negotiations, criticizing him as "childish" on the Senate floor.

Senate Minority Leader Mitch McConnell (R-KY) has cautioned that failure to reach a debt limit agreement will help re-elect Obama.

And Democrats, in their efforts to make Cantor the debt-limit villain, have gleefully latched on to the six-term congressman's yearbook quote: "I want what I want when I want it."

But the married father of three has, so far, appeared unfazed.

When asked earlier this week about whether he was willing to take "significant heat from your party" to get a deal done, Cantor replied: "I have said before, a vote to increase the debt limit in this country is an existential question for a fiscal conservative because what that does is facilitate more spending. And that has been my point all along in these discussions."

"Republicans, the Speaker and I are united in saying we don't want to raise taxes on the American people," he said. "Our conference is united."

In a show of solidarity after Reid's Thursday morning comments, Boehner and Cantor appeared together at a news conference Thursday on Capitol Hill.

Boehner defended his colleague, saying that "any suggestion that the role that Eric has played in this meeting has been anything less than helpful is just wrong. I'm glad that Eric's there, and those that have other opinions should keep them to themselves."

Cantor said that Reid "is frustrated, as we all are."

"The speaker and I have consistently been on the same page," Cantor said. "We are not going to raise the debt ceiling unless we have cuts in excess of that amount, that we don't want to raise taxes, and that we want to structurally change the system."

Preordained Politician

Cantor is not a new face to the fervently anti-tax wing of the party, now embodied by the Tea Party movement.

In a 2007 column in the conservative Weekly Standard magazine, Fred Barnes referred to Cantor as a "small government conservative" and a "ferocious foe of tax hikes."

Barnes predicted a "bright future" for Cantor, and called him the "most valuable player" among the party's so-called young guns.

Cantor always appeared headed for political leadership.

His father was treasurer of Ronald Reagan's presidential campaign in Virginia in 1980, and was close to state GOP leaders.

After graduating from the elite Collegiate School, where he was one of only a few Jewish students, Cantor went on to study political science at George Washington University. While there, he worked as an intern for Republican Congressman Tom Bliley of Virginia.

Cantor received a law degree from the College of William and Mary, and a master's degree in real estate finance from Columbia University.

By 1991, Cantor, who worked in the family real estate business, had won his first term in the Virginia House of Delegates at age 28. A decade later, he was serving in the U.S. House, already tapped to be chief deputy whip, a critical vote-counting position in party leadership.

An article in his hometown newspaper, the Richmond Times-Dispatch, a few years later detailed his fundraising prowess, including events in Beverly Hills, West Hollywood and Aspen.

It is that fundraising finesse, and his ability, as the lone Jewish Republican in the House, to appeal to traditionally Democratic Jewish donors, that has helped to cement his influence within his caucus.

The hometown paper also reported Cantor's role in securing a $10.1 billion federal buyout of the nation's tobacco farmers — a deal attached, the Times-Dispatch reported, to a corporate tax overhaul bill.

Money And Influence

In 2004, the political publication Roll Call provided details of a Cantor fundraiser at the Plaza Hotel in New York City during which mostly Jewish donors contributed about $500,000 to the congressman's leadership committee, ERICPAC.

Committee funds can be used to help other candidates, and to promote Cantor's agenda.

He has been generous with both his PAC money, and his time, to, as he has said, lead his party out of the political "wilderness."

In 2005, the Richmond Times reported that the two-year-old PAC had raised $1.06 million in 2004, and Cantor "did political events for, and gave money to, more than 150 candidates during 2003 and 2004."

Since then, his staff has said, he has made hundreds of trips campaigning for like-minded candidates, and earning a reputation as one of Capitol Hill's premier rainmakers.

The Washington Post reported that he raised about $10 million for presidential candidate John McCain in 2008.

Skirting Scandal

Cantor's self-written narrative has been about righting the Republican Party after its scandals of the past decade, and creating a "party of ideas" again.

But he had a brush with the Jack Abramoff scandal that sent the lobbyist to jail, and led to the downfall of House Majority Leader Tom DeLay, a Texas Republican.

After the Jewish-American newspaper the Forward reported that Cantor had failed to pay for or list as a debt a $500-a-plate "sandwich-naming" fundraising event held for him at Abramoff's Washington restaurant, he "obtained an invoice and quickly paid $1,732 for the event."

Cantor also signed a letter that urged the Interior Department to rule on an Indian casino issue in a way that would have benefited Abramoff's lobbying clients.

Cantor told the Richmond Times-Dispatch: "I never even knew he was in any way involved with that letter, whatsoever."

Abramoff hadn't always been a friend: during Cantor's first run for Congress, he was challenged in a GOP primary in his solidly-Republican district. He was expected to win easily, but he ended up eking out a bare victory after a last minute anti-Semitic phone and mail campaign against him narrowed the race.

Behind the calls? The Abramoff-backed Faith and Family Alliance.

After Cantor's win, Abramoff became a supporter, and told the Forward that the Virginia congressman would become "the party's most visible liaison to Jewish groups and in my view will be an important liaison to conservatives and religious Christians."

Cantor And Consensus

In his 2007 column, Fred Barnes quoted an aide to former GOP House Whip Roy Blunt of Missouri, who first tapped Cantor for leadership, extolling the young congressman's temperament.

"He's so humble," Mildred Webber told Barnes. "And he's a very good listener."

In a 2003 interview with the conservative Insight on the News online magazine, Cantor, who has a perfect rating from the American Conservative Union, described himself like this: "Someone who likes to work toward consensus, somebody who desires to work with all different types of people."

Times have changed, and, Democrats may argue, so has Eric Cantor.

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