One of the smart guys in Congress is U.S. House Majority Whip Kevin McCarthy. He has served as a tactical strategist for Republicans and previous to that was the Minority Leader in the California State Assembly.
Widely respected for his straight talk, McCarthy commented last night on yesterday’s U.S. Senate vote and what it means.
The Democrats in the U.S. Senate passed the Bush era tax cuts with a new stipulation – it will only be available for those earning less than $250,000 per year. This is part of the “tax the rich” argument that has played out for decades between Republicans and Democrats.
McCarthy says that the U.S. House will not support the U.S. Senate plan.
“What the Senate did just cost us another 100,000 jobs. Two years ago, it was Speaker Pelosi and Majority Leader Harry Reid. They extended the tax cuts.”
He went on to say that “(Democrat National Committee Chairman) Debbie Wasserman Schultz even voted for it in the last Congress.”
The operative question is – what has changed in the last two years?
McCarthy’s answer: For 40 months, unemployment has been above 8%. He sees this as political gamesmanship.
McCarthy says: “I’m tired of the brinkmanship – I’m tired of the gimmicks. It’s time to get serious and focus on new ideas to move this country forward.”
McCarthy’s contention is that the tax hikes hit those entrepreneurs who create small businesses and jobs. He says that small business is at its lowest rate of start-up in 17 years because of uncertainty. He goes on to tell his own story of entrepreneurship and job creation and how that helped to put him through college.
You can view the complete interview with Greta Van Susteren here. As always, let us know what you think.