In the looming battle over priorities in federal budgeting priorities, two lawmakers on CNBC’s “The Kudlow Report” boiled it down to tax cuts vs. spending cuts.
Although employment in the United States has posted sputtering growth over the past 26 months, Rep. Marcy Kaptur, D-Ohio, said lasting economic gains were impossible without stronger consumer spending.
“We can’t get a transportation bill out of this Congress because there are some people that believe that no spending is the answer to recovery,” she said. “Can you imagine the contracts we could let across this country in transportation, highway systems, airports, ports, if those dollars were already in the economy?”
Rep. Jason Chaffetz, R-Utah argued that businesses were reluctant to spend.