As the debt ceiling talks tick down to the Aug. 2 deadline, leading the opposition to any deal that includes higher taxes is the new tribune of rank and file House Republicans: Majority Leader Eric Cantor of Virginia.
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Cantor’s pivotal role marks a rapid rise to power for the 48-year-old from the Richmond suburbs. It also represents a major coup for sectors of the investment community that Cantor has been striving to assist for several years — on the same tax issues that have been at stake this month. And so far, Cantor has prevailed on those issues.