Rep. Eric Cantor Wants Answers From The IRS

Rep. Eric Cantor (R-VA) is seeking answers for the abuse of power in the Internal Revenue Service targeting scandal, which has brought on multiple congressional investigations and hearings. On Wednesday, Lois Lerner, the IRS official who was first to admit to the targeted scrutiny, pleaded the fifth in front of a congressional committee.

Cantor appeared on CNBC's Squawk Box on Thursday morning to voice his opinions on the scandal, the process of uncovering the truth, and the Obama administration.

He said that Lerner pleading the fifth reflected the frustration that's growing through this process.

Cantor said, "Ms. Lerner is an employee of the tax payers, the people of this country. We need the answers, she should be providing them to the people she works for, and we're going to continue trying to get to the bottom of what looks like, now, a growing instance of, really, an egregious abuse of power."

He said that the political party that wins will always promote its policies, but something neutral like tax law shouldn't be used to discriminate against political opponents.

He believes that the Obama Administration has lost focus on its obligation in governing. Cantor is also upset about what he calls inaction on President Obama's part to deal with the IRS targeting scandal appropriately, saying that there was an awareness of the activity as the audits were happening and that something should've been done to stop it then.

Market News and Data brought to you by Benzinga APIs
Posted In: CNBCNewsPoliticsTopicsHotMediaGeneraleric cantorHouse of RepresentativesInternal Revenue ServiceLois Lerner
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!

Loading...