January 1, 2012 7:40 PM

The Majority Leader: Rep. Eric Cantor

Stahl: So are you ready to compromise?

Cantor: So I have always been ready to cooperate. I mean, if you go back to the first--

Stahl: What's the difference between compromise and cooperate?

Cantor: Well, I would say cooperate is let's look to where we can move things forward where we agree. Comprising principles, you don't want to ask anybody to do that. That's who they are as their core being.

Stahl: But you know, your idol, as I've read anyway, was Ronald Reagan. And he compromised.

Cantor: He never compromised his principles.

Stahl: Well, he raised taxes and it was one of his principles not to raise taxes.

Cantor: Well, he-- he also cut taxes.

Stahl: But he did compromise--

Cantor: Well I --

[Press Secretary: That's not true. And I don't want to let that stand.]

And at that point, Cantor's press secretary interrupted, yelling from off camera that what I was saying wasn't true.

[Reagan: My fellow Americans...]

There seemed to be some difficulty accepting the fact that even though Ronald Reagan cut taxes, he also pushed through several tax increases, including one in 1982 during a recession.

[Reagan: Make no mistake about it, this whole package is a compromise.]

Cantor: We as Republicans are not going to support tax increases.

So, we've seen the two sides of Eric Cantor: the push and pull between his hard fighting style on legislation that appeals to his party's conservative wing and his warm, Southern gentleman demeanor.

Stahl: This is a nice, big office.

Cantor: Well, this is it.

In Republican circles, he's seen as an ambitious man on the rise whose goal it seems is to one day be speaker of the House. For now he's working on humanizing his image, and presenting himself as more reasonable.

Stahl: As an American, are you proud of the president?

Cantor: You know, he is my commander in chief. I respect the man. I like the president. You know, the disagreements that we have are policy-based. You know, he's got a lot on his plate. I respect that. And I want to continue to try and work with him.

Stahl: So it's not a personal animosity between the two of you?

Cantor: Certainly not. Certainly not from my perspective.



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