Eric Cantor: “Right now this economy is ailing. And we don't believe, nor do I think the American people believe, that raising taxes…”

The American biopharmaceutical industry leads the world.

Not a week goes by that I don't hear examples from the people I represent in Michigan and job creators about the increasing costs and how Obamacare is making it harder for businesses to invest, grow, and hire people.

In fact, based on what little information the administration has disclosed, it turns out that more people have received cancellation notices for their health care plans this month than have enrolled in the exchanges.

People are upset and they're justifiably frustrated. They're out of work. The economy is not moving. Their sense of security for the future is not clear at all. People are afraid and I get it.