Washington, D.C. – House Majority Leader Kevin McCarthy (CA-23) appeared on FNC’s America’s Newsroom this morning to discuss the latest on tax reform and key votes in the House this week on Iran and North Korea sanctions.
Excerpts of the interview are below, or watch online here.
On how the budget is a critical step for tax reform:
“A vote for the budget is a vote to move tax reform forward. What’s so important here is to realize that the House is taking the Senate budget, and the Senate made some changes in there for the House. This speeds up tax reform by more than two weeks. So it starts the process faster so we can get this done this year. This will really help the hardworking taxpayers of America be able to keep more of their own money.”
On the latest tax reform timeline:
“The first and most important thing is to make sure we get it right. This is something that we haven’t been working on just a few months, we’ve been working on it for years…Ways and Means is preparing to unveil the bill, and when they do we’ll start the process. It will take them time to mark the bill up in committee, and then it will come to the floor. We are committed and I’m committed to make sure the House stays in until we get this bill done.”
On how reforming our tax code will benefit all Americans:
“The first part you should look at is what happens to the American individual. Currently today if you’re a single American, the first $6,000 you have is tax free. Now it will be $12,000. As a couple, that will go to $24,000. If you look at small businesses, the biggest job creator, we lower that tax to 25%, the lowest it’s been in 80 years. And then when you look at American corporations competing around the world with the highest rate, that goes to 20%.”
On major sanctions bills being voted on in the House:
“Yesterday, we moved sanctions on North Korea. And what we did is we changed the name of that bill to honor Otto Warmbier. Otto was the American that North Korea actually murdered simply because he was an American. We have got to make sure these regimes are put into place…Today we’ll take up Iran [sanctions], and this is exactly what the President is talking about. Look at what is Iran doing around the world, they’re funding terrorism. They’re giving the money to Hezbollah to kill individuals and fund terrorism around the world. And we’re putting an end to that, continuing to put the sanctions and the pressure on so they understand that America, one, will be strong in the process but, two, we will not continue to put up with their actions around the world to make it unsafe.”