Dems only 'going to ask for more': GOP's Huelskamp

Rep. Tim Huelskamp told CNBC he's voting against the bipartisan budget compromise, saying it won't cut spending until "Hillary Clinton's second term."

"This is not a deficit reduction package, it's more spending. That's why it's called a bipartisan bill, because both sides will increase spending $63 billion," Huelskamp told Larry Kudlow on Wednesday night on "The Kudlow Report." It's going to blow through the sequester."

The House is set to vote Thursday evening on the modest, two-year budget framework that promises to bring a temporary halt to budget brinkmanship in Washington and ease automatic budget cuts that would otherwise slam the Pentagon and domestic agencies for a second straight year.

The measure is expected to pass, despite some opposition from conservative Republicans like Huelskamp, upset by the fact that it erases some hard-fought spending cuts.

(Read more: Budget deal headed to vote in US House, passage predicted)

"I fear that we'll continue in the future to ignore the sequester. But the deficit reduction claim, that somewhere down the road, eight years down the road, in nine years we're going to cut spending ...," the two-term Kansas Republican said. "So we're going to raise spending now, but trust us, we'll cut spending, perhaps in Hillary Clinton's second term. That's kind of silly. … This is a spending increase in the next two years, which is why the Democrats have signed onto it."

The deal, which House Budget Committee Chairman Paul Ryan, R-Wis., negotiated with Senate Budget Committee Chairwoman Patty Murray, D-Wash., would preserve the bulk of tough agency spending cuts the GOP won in a 2011 showdown with President Barack Obama, while greatly reducing the chances of a rerun of the politically debilitating partial government shutdown that the GOP stumbled into in October. The deal includes $63 billion in sequester spending cut relief, in exchange for $85 billion in savings, achieved through cuts and fee increases elsewhere.

"It will mean more revenue from Americans to Washington. There are fee and tax increases included in there. You can call it whatever you want, but it's more revenue going to Washington's coffers for more spending," Huelskamp said.

(Read more: 'You can't shoot for the moon every time': Paul Ryan)

A tea party favorite, Huelskamp has said he expects more than two dozen his fellow conservatives to vote against the deal, not enough to block its passage, but he warned that despite talk of bipartisanship, Democrats could still be eyeing additional government spending.

(Read more: Cantor: Budget deal 'maintains savings')

"Just because this budget might pass, it doesn't mean that Harry Reid will agree to this level of spending in January. We now have to pass the omnibus bill, and trust me, Democrats are smart enough, they're going to ask for more between now and January," Huelskamp said.

- By CNBC's Ben Thompson. Follow him on Twitter @BenThompson00.

-The Associated Press contributed to this report.