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Rep. McCarthy on Democrats' plan for more taxes, stimulus

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    House majority whip on 'America's Newsroom'

  • Duration 5:44
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Is it likely that President Obama will make any major concessions on the entitlement programs.

Without more new taxes.

And is it or -- and the other side of that of course is will Republicans be willing to go along with more new taxes to get.

Reforms and entitlement programs and I think you know unless you can answer yes.

21 of those questions are both of them.

The chances of a deal in the -- -- -- many think of any size seem to me to be a little bit remote despite all the all of the atmospherics -- -- -- now.

So how about that there Fox News senior political analyst for human and a handsome looking sweater today talking about the budget battle.

House Democrats put out their plan and that plan includes one point two trillion dollars.

In new taxes or California congressman Kevin McCarthy Republican House majority whip talked in a bit earlier about bad idea and how would could go over.

-- Kevin McCarthy good morning and welcome back here to America's Newsroom.

Good morning thanks for having me just reflect on what you heard from the house Democrats a budget of one point two trillion dollars in taxes.

200 billion dollars in stimulus which is about twice the amount we heard from senate Democrats last week.

It's the same failed policies of the past -- if you compare to look at this.

The Republican plan balances in ten years the Democrat plan never balances that goes back to.

More taxes and more spending that they failed the future for us and that's why we'll have this debate.

And the Republican plan could actually put -- back to work balance the budget which would take less money for government put more money in the private sector that would create more jobs and small business.

Well I'm Chris van Holland who was with us last week -- your democratic colleagues.

He came with some spirit and some bigger he was pushing back and a significant way this is what he says about the house Republican plan.

His idea wolf accelerate economic recovery.

-- also talks about how it will grow jobs in your plan will shrink jobs what do you think of that well.

Well I think he's wrong it is not just me who thinks -- -- first street with the Washington Post.

That's not known for being a Republican paper they -- yet to say that the Democrats have no idea about the fiscal mess that's going on.

And then the read the Wall Street Journal.

Article today that has to economists from Stanford you -- -- college over on the west the west side of our country.

They say the Republican plan will actually boost economic growth.

By 1% in 2014 which means 15100.

Dollars to every family and increase it by 3%.

In -- out years which would mean 4500.

Dollars almost to every single family.

That that's somebody analyzing it.

That's an economist.

John Taylor and he's a known economist out there that I believe that the better and fair measurement of what to -- -- Point it now listen on the senate democratic plan OK now this is something you guys have been pushing now.

Per 1400.

Some -- days has been moved more than four years.

Senate Democrat -- their hand last week bomb.

In three areas when it comes obamacare the house -- limited obamacare the senate plan will keep it.

On Medicare the house plan would -- voucher like -- model.

The senate democratic plan modest cuts to providers.

Social Security call when -- president congress that are addressed the issue senate democratic plan no specifics.

Which way is Washington movement.

Well I hope.

Flynn watched his move in the way the country wants -- that they want to save Medicare so the look to the Republican plan.

The other two items in our plan that's not mentioned -- overall tax reform.

Where we close the loopholes and lowers the rate so individuals could get more money instead of on the Democrat side.

They close loopholes to keep wasting money in government.

The other item is that.

We do energy reform where we become energy independent creates jobs in America but also lowers the price of gasoline.

And lowers the price of natural gas that we see today that creates new manufacturing jobs in America.

So when you look at an overall plan do you want more taxes more spending.

Pretty want the country to grow in the Republican plan that we have.

Well that not IT EG get your wish because you eat you see their plan and we see your plan publicly as well.

And now there will be some sort of reconciliation if you want to get to a grand bargain.

And ultimately what you find here is either Republicans or you have to give on the tax issue or Democrats are gonna have to give on the entitlement issue.

Or perhaps both do you see either one happening now.

You get that -- Well you know what the president he -- he took 600 billion dollars every single viewer that's watching today that has a job.

Is getting less coming home because the president took 600 billion out of their paycheck.

So you have the taxes so you have the revenue what you need now is to curb the spending this is a spending problem.

-- in the Washington DC that's why the Republican plan when you look at what John Taylor says.

Let you grow the economy which creates -- equivalent 15100 dollars into every family's pocket.

That as -- possibly experience with more people working more money for you a stronger energy policy.

A fairer and simpler tax.

Proposal that we have out there.

That is a new America instead of going back to the old way and the one person who's missing all this is the president remember.

Presidents are supposed to submit a budget by the first Monday in February and now he's never missed turning in his March Madness bracket.

But four out of five years he's missed turning in a budget.

Tournament starts tonight.

Play on Kevin McCarthy thank you for your time on the hill today thanks for having me.

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