The Hill News

House Majority Leader Eric Cantor (R-Va.) strongly rejected the prospect of passing the entirety President Obama's recently unveiled jobs creation legislation.

"I reject the all-or-nothing approach that the president has laid out," Cantor said Friday on CNBC. "I mean nobody works like that. Washington certainly doesn't. That creates the conflict. That creates and brings on the rancor. We want to work together, we want to find places that we agree on and not dwell on the big differences."

Since Obama unveiled his $447 billion American Jobs Act a little more than a week ago he has been strongly urging Congress to swiftly take action to move the legislation into law. The White House has insisted that Obama wants to see all aspects of the bill put into law and, although Obama would prefer to pass his plan as one piece of legislation, he would push to pass the plan in individual parts if need be.

The bill is made up of an extension of the pay! roll tax cut, additional unemployment insurance benefits and infrastructure funding as well as the creation of a national infrastructure bank. The bill also limits itemized deductions for families that earn more than $250,000 to 28 percent and raises taxes on income from investment funds. The bill also raises revenue through ending some oil and gas drilling subsidies.

While Republicans have voiced some openness to parts of Obama's jobs proposal they have also reiterated their vow to block any legislation that raises taxes.