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Rep. McCarthy: Right Now is the Wrong Time to Raise Taxes

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    Rep. Kevin McCarthy, (R-Calif.), on efforts to extend the Bush-era tax cuts and the impact of potential cuts to defense spending.

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Want to start off with what senator Murray had says Democrats new tax position.

What do you make of and were you surprised at all well I -- because it's really the air again it's what goes forward that.

For their own personal gain there -- -- the hold the rest of the country hostage.

That's what's wrong with Washington put people before politics but they don't understand.

What is going on -- country what is hurting right now.

From the jobs and others -- -- it shows how far out of touch fail.

Do you think that that position is a block and it most folks on capitol seem to think -- -- talkative sort this all out until after the election.

So is this.

Simply political position -- that couples could -- or not it's wrong because.

If you talk to business owners out there small business uncertainty is what's burning.

That's what people aren't higher and to create greater uncertainty in the process you're harming the economy.

Why do that.

Do you think Republicans think they'll actually go -- do you think they'll actually it's not sure we'll have to see but if you're gonna listen to American people they want certainty and you're gonna find that what Republicans are out there talking to the small business talking the constituents stopping the tax hike you know its most.

Ironic here is there's 89 current members sitting in congress that two years ago.

Voted to stop the tax hikes.

That's when the Democrats controlled the White House the congress and the senate.

-- that changed in two years the economy still tough unemployment still above 8%.

I think they're playing politics that's wrong the one year extension of council -- on how many Democrats do you think will be on board for that this time.

Really had more than a 130 last time I would hope that we get just the same number.

And if they go out -- listen to their district they go out listen and pay attention -- the economy they should join with us.

You know what the other -- Bill Clinton because Bill Clinton says we should increase the taxes but you don't have President Obama on board with that position like last time he's.

Vehemently opposed to it.

Do you think any Democrat this time around you any indications.

As a vote carriers that you're gonna get Democrats on board.

On the wait for the Republicans so but.

I know some Democrats will join us listen to him on the floor hearing what's going on back home.

We just don't know how many you know and Debbie Wasserman Schultz the head of the DNC.

Votes for two years ago when our own president.

Obama says you don't raise taxes and a down economy and supports it two years ago what's changed unemployment still above 8%.

Having come so far out of touch with the economy they don't see what's going on that they want to -- taxes.

You seem so focused on the election there are people seem very vote on election in it -- the ultimate decider line.

What happens to tax policy spending policy.

Do you think if President Obama wins in November.

Will there be a tax increase next year.

Well listen to what he says.

Seems like -- directly where he wants to go and that.

The harm the economy and if I go back listened Bill Clinton and others they say not to do.

One thing that America needs we need certainty we also need to whole new tax policy become useful.

But right now -- wrong time to raise taxes down economy if you look at small business where her lowest point in seventeen years -- -- start ups.

So bad indication the small business hires more people than -- businesses.

And the tax policy what he's going after harms small business more than anybody else.

They are the individuals that are in your community taking the risk a lot of -- run as this court but direct.

Attack on them.

White House says that their tax policy will affect.

Less than 3% of small businesses and the Republicans and and -- -- are only protecting.

I'll only those who were millionaires and billionaires and multimillion dollar investors' -- that this totally wrong mean the president also thinks.

Business didn't create anything it was only -- I don't understand the politics and he's playing.

But this economy is in -- bad place I know the president thought the stimulus unemployment never go above 8%.

Well 41 months later he's wrong about that he's also wrong about raising taxes.

We need to bring certainty back and get America working again.

So let's put people before politics.

Take the election out of -- and start focusing on the economy first went about sequestered now that you heard from a former vice president yesterday.

-- You've got 500 billion dollars in government spending cuts that are already part of law why -- reversed.

Well you can have the cuts but why do you go in.

And go straight across in the military and time and place where we when you already cut 500 billion from the military.

And you know Republicans just don't sit back and talk about we passed the budget issue -- able to do it.

She could protect those men and women who are currently serving us and make sure they have everything that they need from one standpoint it's also the way -- -- If you look at the military go through and actually see what areas need not just across the board that is the wrong way to go forward.

And will tell you I think and some Democrats will join with us because they -- national defense is an important issue especially helpful for.

We think about this argument that two million jobs will be lost.

The defense question it's.

You're gonna find you find between down a few short months that people get pink slips because you have to do that prior to -- somebody up.

But with sequestration hanging out there.

That is going to be -- drain on the economy and compound it with taxes economy will go further down while Republicans are looking different were focused on the economy not on politics.

Do something right about curbing.

Our debt level so we find cuts in other places that actually make America more efficient.

But also protects -- national defense.

We also believe people should keep more of what they aren't so they can invest and created new small business we look at that the jobs argument though how much of that.

Is the Republican argument for why there shouldn't be defence cuts because.

You know conceivably these are jobs that are funded -- government spending what makes that different.

-- new -- -- you look at where defense will -- -- -- navy will be smaller than it's been since World War I.

Look at the number of people that you would lay -- -- as a national security -- national security and economic issue.

They're too big challenges there.

Economically if you look at what will happen with the pink slips going through unemployment rise.

Look at some of the best and brightest out of work in an economy can't find jobs where if with the has the presidents of the Democrats that taxable right -- -- have small.

Fewer small businesses and less people behind.