Also in this playlist...
This transcript is automatically generated
-- -- -- Texas congressman Michael Burgess says we need much deeper spending cuts that anyone is talking about.
Congressman you know what they say they say well don't know about all this austerity -- put it into recession what your take.
Oh there's so many different facets to this Tom you -- can I just say that.
The process partner and on not supposed to talk about process but -- it makes me uncomfortable.
That the same peoples that -- they're eighteen months ago in that room of the White House are -- are again.
They didn't come up with a very good idea in August of 2011 and we -- expect something different this time.
But the American people -- their wisdom returned.
The same players to the same positions in the last election so we'll deal with what we have to deal with.
I do you know it is important to point out that these are going to be revenue bills which have to originate in the House of Representatives under our constitution.
So the senate has the bill that the house passed in August and this was a bill to extend all existing tax policy for an additional twelve months.
The senate could take that bill amended if they wish and send it back to the house but for the of the White House cannot just simply develop a revenue bill.
And -- both houses of congress to vote on it he doesn't work that -- but aren't.
Aren't you really kind of getting in parliamentary weeds here a little bit congressman because you know admitted it's a matter of that let's get an agreement.
From one place and it over the other place let's see -- the two houses the -- chambers can work this out but at the same time.
My big question is if Harry Reid and Mitch McConnell are working on it how are you guys gonna receive the wanna gets over -- your chamber.
But probably not well but here's the deal -- this all could have been worked out some time ago.
Again it was in August story but end of July that the house passed tax bill was sent it over to the senate.
Now if you don't senate didn't -- -- They were free to take it up and amended and send it back that's the way things usually work but a revenue bill must originate in the House of Representatives.
We'd get our work six months ago the work product sits there waits for the senate to take something up.
And here's what's troubling about.
Really troubling about all of this.
Will get through -- this this week however it turns out org or next week however it turns out.
You're right about the debt limit that's gonna rear its head as well and then just after that we have an appropriations -- pending.
The first of march so boom boom boom the first three months of the year you've got debt -- fiscal cliff debt limit.
And appropriations -- all staring the American people nice I get -- that people are sick of this but at the same time it's because we have such a massive spending problem.
Here's the reason why these things are occurring in the -- they are but you heard the -- And he came out and talk to the to the white house press corps and he he talked about.
Maintain middle class tax -- he didn't define what that middle class is so maybe the 250 might be 400 or.
500 who knows.
Extend unemployment benefits and all -- does the spending cuts will get to those later.
-- -- Here's here's what's so ironic the same.
Democrats who in 2001 and 2003.
Rail because the bush tax cuts now -- in fact see some salvation in the because.
They -- what's propping up the economy right now.
But beyond the ironic part of this look.
Would not only do you have the tax policy expiry and the sequestration pending on January 2.
But we've also got obamacare taxes kicking in January 1.
And these are gonna pack a mighty big wallop and this is -- is sort of the perfect trifecta of bad things happening to the economy.
All at once they -- no one's talking about postponing the Obama care piece of this.
And quite frankly if you wanted to cut one point two trillion dollars in spending -- -- sixteen years in right now there's the placed well.
You have laid it out this -- can be we have ourselves.
Like you said trifecta of about fiscal everything coming to get -- to -- -- to severe bear a very busy couple of months in Washington and we are watching.
-- -- Michael Burgess thank you so much for being with us thank you bet.
Filter by section