A leading House Republican told CNBC Tuesday that the GOP remains opposed to raising tax rates but may be powerless to prevent it.
"House Republicans are going to work hard to minimize the increase in tax revenues," Rep. Jeb Hensarling, chairman-elect of the Financial Services Committee told "Squawk Box". "I don't know what I can do to stop it."
As part of the "fiscal cliff" talks, House Republicans have offered to raise $800 billion in revenue by closing loopholes and deductions. But other Republicans, including Sen. Bob Corker, who spoke to CNBC, think the GOP should just give in on tax increases and move on.