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Rep. Tim Scott and House Majority Leader Eric Cantor discuss their conference to encourage small business owners and ideas to boost the economy
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Now the nation's skyrocketing debt it's getting worse by the second.
Plus some of the Washington debt ceiling deadlock escalating into an all out crisis you remember that night America.
But could -- -- free summer rerun that is just one of the questions -- S house majority leader Eric Cantor and congressman Tim Scott.
Nice to see about.
That is that you later camp -- tell me how what's what's going on this -- is very crowded what's going on his.
-- Scott's leadership is on his way you know the press -- in South Carolina sand.
Revitalize America -- increase entrepreneur realism that's what today is about it's all about free market economics and opportunity for everybody.
-- who's here and give me idea of the advocate of hope for some -- Eric Cantor is fantastic I saw -- some -- we have Carly Farina.
Exactly -- here thank you don't see you domino obviously decoding.
-- -- -- well we'll hear later often do you want for the founder of priceline.com.
We also par pharmaceuticals -- -- CEO speaking as well.
-- we have a panel of experts in the -- on maneuvers small businesses.
Trucking company.
-- -- company's restaurant chains small companies and stuff going Colorado welcome.
Across six.
If we look for a way to get government out of the way that they go back to bring up.
I think it's not just about -- -- talking -- must be some particular -- what do you seeking to do with this -- Right you know what I see is the goal is in congress you know there's a lot of differences here in Washington over on the part of both parties.
And we're trying to come together and actually get something done for the people at home were frustrated.
Because I don't see about our economy coming back and the best thing that we can do -- work to create that environment where entrepreneurs will be willing to go take -- risk again.
And you know the reality is too many people unemployed in this country but a lot of those laid off employees actually may want to become -- -- -- or entrepreneurs.
And the question for us policy makers is how -- we go about making it easier that the half time.
One of the big questions I think small business people haven't Americans to do as well as citizens who might work for somebody else's.
Our tax is going to go off to meet the the debt problems in the deficit problems.
You know I think Tim and I'll go outside -- we don't waste your body and raise taxes on anybody especially the assassin like -- Anybody at all and anybody and I'll raise taxes means you won't Washington's spending money not person aren't.
Right now we don't have enough people investing capital we don't have enough people with confidence say hey.
I want to invest and we got to create that environment you don't prevent arm.
-- is there any way you vote for a tax increase -- any into the bush tax cuts are supposed to expire at the end of the year anyway that you bookmark.
I would not if you look at where exactly pleased with -- -- that Obama here -- 500 million dollars half million dollars.
Taxes starting in January 2013.
Places other.
Legislate authority passed by former congress' we'll put us.
There's a real plus limited to.
Practiced every step back the national health -- at the obamacare.
What happens in -- 82 scenarios Supreme Court strikes down.
The health care line at the end of June or that it doesn't strike it down -- give it give the American people a little bit I can't have what we can X.
Act why -- -- there's any question of the Supreme Court strikes down -- cardinal law's the law itself in total.
I think it's it's it's a real statement about the president's.
John his leadership.
And I think it does speak volumes to the country about this is what you -- And what we think is.
Washington based health -- is not the answer what the answer is is to empower patients and -- doctors make decisions for themselves.
And what we wanna do is to provide more sources from patients -- resources -- insurance coverage or insurance that would start to go -- will -- to -- going to.
-- it is a very stark difference from the kind of health care that we believe is best suited for America vs the Washington based health care of the president.
I think most people think that health care it because it's -- whether you like it or not there's some element of chaos and it.
If this Supreme Court -- decides on June 30 that it's unconstitutional.
To -- -- have a different type of chaos and uncertainty.
Any idea in terms of you know it is -- going to be some health.
Your program coming out of the public and the leadership.
Well I think we have always stood for the sort of patient centered health care and one thing that you'll see if the Supreme Court does not strike the -- down.
Is we will act affirmatively to repeal obamacare.
I we will continue to African -- because it is the wrong solution.
-- working families small businesses or individuals who want better health care at an affordable cost.
I'm you're clever Smart businessman -- celebrate came to congress I'm curious that if your poster raising taxes in light of the fact that our debt is growing.
What's your solution release addressing the debt is it simply.
Cutting spending a lot of people cross country they like -- when -- -- somebody else's stuff and not their own.
From a confidence perspective you have to realize that lower taxes -- inverse relationship reality recently lowered taxes you more revenue.
Big government you also give more room.
Some of -- are -- -- looking for an economy that's on fire happened by lowering taxes.
Eliminating regulations.
Including his own back yards and business -- and I do my taxes were coming down and it's -- public apology.
Capital equipment and hire more -- who could help me create more profit.
So the long story short is lower taxes means more revenues to treasury and and com.
I what is your business many don't know what congress is going to do because there's so much other people we have an election coming up what would you be doing it right now by your business -- today we see happening.
We have two and half trillion dollars and sitting on the sidelines.
Corporations -- -- great days of uncertainty in the market so what do they do enough.
They don't mind by evening have -- -- hiring anyone challenge of this economy.
It's a little certainty of long term certainty than most big businesses and entrepreneurs like myself I don't invest in this market.
-- announcement of the entrepreneur or and jobs is that is overriding problem with our debt our nation's debt and that debt ceiling pound -- -- -- try to come up.
Another showdown OK corral right -- this debt ceiling.
-- -- what what I think we went through last year it was sort of evidence that the two sides disagree on two issues.
At least health care.
And taxes and what we have always said.
Fix the problems stop digging the hole deeper.
And that's going to -- -- tremendous burden off the economy we put forward a solution as to how we believe you can fix the problem on the budget.
And unfortunately the -- and his party have not countered.
If they disagree with Paris which they continue this at least put your solution on the table and let's talk about.
Because I think that most of us and most Americans are asking why can't you just being reasonable.
And set aside differences and trying come together everybody thinks America ought to pay its bills.
And so those numbers sort of any sense that.
Someone wanted to take the country off the left what we're trying to do solve the problems so we can get the entrepreneurs in the country back in the game.
I just got says it hit me right now against certain the FB -- back in -- -- he do it's it's overweight say wait and see what happens.
I'm curious though is that the I assume that the Republican prize -- -- was elected president of -- that has named the big impact on your right discuss issues.
What's the country has to be selected in the meantime though it's -- now you know within its to have.
We're approaching June and election -- -- them in November and we're running up the clock is anything being done.
Are you talking to President Obama and are you all looking at this debt ceiling problem is it's there and it's gonna come right back it's gonna come up soon -- -- after the election.
Graphic logo it is -- are so businesses and small business man or woman and what they're thinking right now.
And what they're wondering is whether their taxes are gonna go on working families are wondering whether they're tax rates and go up to.
So the house is -- -- with a resolute fashion and say we don't believe -- President fashion -- -- -- that we have we are within the next month or so we're gonna have a bill on the floor.
Probably in July that to say.
There's not -- any tax increases on anybody.
Now it's not it's on the -- after January Ahmadinejad and the bush tax cuts if they don't -- -- rites it's today we'll operates a blog go up unless congress acts of -- we're gonna act.
This summer.
To make sure that people know.
If they don't want their taxes going -- they got to follow the Republican plan because otherwise you're gonna go up at one final question -- -- -- -- -- really expect.
You know certainly it's been exciting in many ways to present otherwise I think we -- -- an amazing country.
We have an amazing future if we do the right things and leadership there is talking about some -- -- things right.
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