House Majority Leader Kevin McCarthy (CA-23) appeared on CNBC and Fox News this morning to discuss how the House and Senate are working to get a unified piece of tax relief legislation to the President’s desk as soon as possible.

Squawk Box

On the House and Senate passing tax legislation as promised:

“It really happened, and it happened on a timeline we said it would–that’s why we decisively moved. The House was not supposed to be in session today, but we called everybody back because we want to move to go to conference. There are differences in this bill, but they’re not that great of differences and we can work and have this done this year.”

On the unified effort to reform the tax code:

“I give a lot of credit to the leadership of the Senate…. I give a lot of credit to this President who worked very diligently to get these individuals together he has put a lot of time and effort in. We’re not finished yet, but the architecture of both bills looks very similar, there’s some elements we’ll fix as we move forward…. I always believed it would work because of the bill itself. It helps move America, makes us competitive again, helps us produce more of those small businesses…helping us change this country and put us in a competitive place.”

Fox and Friends

On the need to eliminate the Alternative Minimum Tax (AMT):

“In the House [bill], you eliminate it…. We eliminate SALT and one of the arguments was we’ll eliminate the alternative minimum tax. I think that has to be repealed out of the Senate bill. The Senate also put it in when it came to corporations–that would also eliminate if you kept it in there the research and development benefit that you’re getting on the tax credit going forward. So I think the AMT has to be eliminated all together.”

On the leadership of President Trump and reducing the corporate tax rate:

“He is actually showing that he’s going to get a deal done because he’s telling us I’ll be flexible and I want to make this thing happen. We’re both at 20% [corporate tax rate]. I think that makes America more competitive and when you look at reports, keeping it at 20% actually brings $4,000 into the household. So the individual wins on that and I would like to try to keep that low rate.”