The prospects for U.S. economic growth are "still too little" and "too uncertain," House Majority Leader Eric Cantor told CNBC on Friday.
"Europe is not in good shape," Cantor pointed out in a "Squawk Box" interview, but despite the problems the U.S. is facing "we still look to many investors, and many folks looking to allocate capital, like the place that is at least the best of the worst."
He noted, however: "We've got to play to win here."
"We can't just sit on the fact that we're America and we are always going to be the best," Cantor said. "We've got to go compete."
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The Virginia Republican stressed the need to create an environment in which businesses and investors can thrive by "making it so people with capital say, 'Hey, it is a good time to take the risk.'"
Cantor asserted, however, that while the GOP is working hard to reform the tax system, President Barack Obama continues to press for higher taxes.
"Given the way you score things in Washington, every time you want more static revenue it's hard to bring rates down to compete," he said.
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