The key to job growth is to revamp the corporate tax code, House Speaker John Boehner, (R-Ohio), told CNBC Monday.
“If we want to make America more competitive,” said Boehner, “we’ve got to reform our corporate tax code. It is the way to create jobs.”
Boehner said he is “optimistic” that the Obama administration is also interested in pursuing such reform.
However, as the budget battle between Republicans and Democrats loom large, the speaker said he was unsure whether the GOP could effect the $61 billion budget cuts that the leadership originally set as a goal.
Boehner accused the Obama administration and the Democrats of not being serious about dealing with spending and the deficit and added that the president has demonstrated a lack of leadership in shaving costs.
“We want to cut spending because cutting spending will lead to a better environment for business,” he said, “to help create jobs in America.”
Watch Larry Kudlow's entire interview with Rep. Boehner, including his remarks about trade pacts with South Korea, Colombia and Panama, today on the The Kudlow Report, 7 pm, ET.