Leader Cantor Discusses the GOP Jobs and Growth Plan on CNBC's "The Kudlow Report"

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On Republicans’ Continued Focus on Jobs and Growth: “The truth is we've been talking about growth, jobs and recovering the economy since day one. In fact, in January 2009, when the President presented his stimulus plan, we said no to more government spending and yes to small business job growth. We've been talking about it ever since. The fact is we've seen the choice now, and the choice is their way which is more government and higher taxes, or ours, which is more growth and more jobs. Today, we are recommitting ourselves to the pledge we made to America last fall and to the work we've been doing since January of this year. We are saying, look, we need to get a government in which businesses and job creators can actually begin to grow again and that means pulling back government regulation, that means fixing our tax code, and that means promoting the ability for American manufacturers to expand in new markets abroad. We have a lot of work to do, Larry. Washington has been standing in the way of growth and we are redoubling ourselves in terms of the commitment we've made all along, to make sure that growth is the subject here, because growth not only will help us balance our budget, it will actually get people back to work.”

On Reducing The Deficit Through Economic Growth: “We're not against growth and more revenues, we're against higher taxes. Growth can actually fix the deficit. We are for making sure that we have an environment for small businesses and entrepreneurs to begin to grow and hire again, that way we can see an increase in economic activity. It will produce an increase in revenues, but we'll also see a reduction in the deficit. Because as we know, the Congressional Budget Office says every percentage increase in GDP over the baseline produces trillions of dollars in new revenues. It’s that simple. Grow the economy, it will help us manage down the deficit and it will help get people back to work."

On Creating Jobs Through Our Growth Strategy: “In our Pledge to America last year, we said we were going to pursue a two-fold strategy called cut and grow. We have been focused on getting our fiscal house in order with the Ryan budget. We believe that you've got to do that, but we also say that you can't do it with cuts alone. We've got to see America grow again, and all along, we've been on this two-track strategy. This is the growth strategy that we're continuing to promote, which we believe is part of the larger picture in which we can get the economy going again, get the country back on track and get people back to work. We're putting in place measures, we’re cutting the tax rate, we’re talking about rolling back the regulatory overreach in Washington, promoting a free trade agenda, promoting an innovation agenda, so we can see innovation flourish and around which we can see businesses created and jobs created. We want to do all of these things so we can reach that goal.”

On The Debt Limit Negotiations: “I am participating in talks with Vice President Biden. We meet several times a week for several hours each time. I can tell you that talks are productive. We are seeing where we can cut over $1 trillion in spending thus far. We are going to continue to try and do more. We have said all along that it is important for us to get the fiscal affairs of this country straight. We all know Washington has a spending problem, and that's what we're trying to address to show the American people that. Now, the question is that the President has to prove to us he's willing to join us in doing that. We've drawn that line, Larry. We said we will not support tax increases. We believe the way to get this deficit straight is to cut get this spending and grow the economy.”

 


Watch Leader Cantor’s Full Interview HERE.

 

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