GOP leader Cantor opposes Senate 'cliff' bill Associated Press Copyright 2013 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed. Updated 12:36 pm, Tuesday, January 1, 2013 The bill would increase taxes on family income exceeding $450,000 and delay across-the-board spending cuts for two months. House GOP leaders were considering amending the measure and sending it back to the Senate, but that step could produce a deadlock.