This transcript is automatically generated
Our next guest says an avalanche of red tape from Washington is killing jobs slowing the economy.
And his measure aimed -- controlling the government's out of control rules passed in the house last week.
And he's released a very helpful chart I -- this chair.
If if it's rather vivid and it's.
Well it's display of just now.
Excessive regulations are blocking business growth and job creation joining us now.
A congressman Kevin Brady is a -- -- both -- house ways and -- and joint economic -- good to have you with -- congressman I I believe I'm sorry I'm -- I'm a -- stuff like this I love this.
The spaghetti -- about what's going on with regulation.
How likely is it that you can make it -- possible for business owners.
The kind of want to suffer through all the way.
Well I hope we can act you know we develop it because small businesses -- frank the ball size.
I just get frustrated trying to explain lawmakers just the burden that -- on every day that chart is just half just the tip of the iceberg.
But a typical business has to deal with each and every day what we hear.
Most polls show half.
Of us small businesses are hiring now because this red tape the cost very expensive so it really enough is enough -- stop killing the economy with red tape.
Are we gonna see any progress or we're gonna see it enacted this year well I hope so the house passed a great deal out last week to call a -- On these supersize read -- -- -- common sense my guess is the sense gonna block at the end of course economy's gonna suffer as a result.
-- hate Israel look at this economy.
-- and what's going on -- this federal government.
We just got word -- today that.
The leaders of the house and the senate agreed on a continuing resolution.
To get everybody from October through march.
Next year the continuing resolution.
Well I think but I think generally it's a good idea here's why one.
You know we are suffering through the worst recovery since World War II it's just dead last in so I think -- brinkmanship of another.
Potential government shutdown isn't good to -- -- more important for conservatives.
We -- this out of the discussion on tax hikes.
And secondly we think will be in a better position.
Come next march with a new present we hope the new senate actually get our financial house in order so we want to be in that position.
What about the fiscal what taxpayers and tax are dead and what every -- -- -- And if what is looming they will not wait as you well know.
For a new congress a new president if that indeed is the nation's future.
You know lots gonna be shaped by the elections in the economy time -- you know this is unprecedented.
I think very damaging the economy Republicans are absolutely committed bank this week.
We'll bowed out of -- not only stop those tax hikes now back she said it dates fraction who form this form -- tax code my big worry.
Is -- some of the senate Democrats are saying let's walk off that cliff.
He knows walk this economy off the cliff that'll give us the better bargaining position I think that's often -- -- Possible.
Irresponsible but it also.
-- all but -- one would think.
The election of Republicans.
All across the country.
If indeed they were to take ownership and that's what they would be doing by name by fulfilling that threat.
And they really would and I and I think the American public the last thing they wanna see is a struggling economy getting worse.
Plus you know every new study shows that the presence -- the tax hikes.
-- gonna hurt our economy is gonna kill jobs who's gonna actually lower workers' paychecks so you know they don't walk this economy off a cliff.
For a measure that will also hurt the economy so this doesn't make sense.
Congressman -- break through the talk Rick thank you.