HAVE OBJECTED TO THIS PROPOSAL.
NEIL?
NEIL: THANK YOU VERY MUCH.
COULD THIS HELP AN ECONOMY AND A
MARKET THAT SORELY NEEDS THE
HELP AND THE PICKUP?
SO FAR AGAIN THE REACTION TO
THIS, NOT THAT THE MARKETS WOULD
MOVE ON MY OF THIS FOR THE TIME
BEING BECAUSE REPUBLICANS ARE
NOT IN CHARGE OF THE FLEE
BRANCHES OF GOVERNMENT, THEY
HOPE TO GET AT LEAST IN CHARGE
OF TWO OF THEM, THE HOUSE AND
SENATE, IN A LITTLE BIT MORE
THAN SIX WEEKS FROM NOW.
BUT FOR THE TIME BEING, IT’S TOO
SOON TO TELL.
KATHY McMORRIS ROGERS WITH US
NOW, CONGRESSWOMAN, SITS ON THE
HOUSE ENERGY AND COMMERCE
COMMITTEE, RANKING MEMBER, ALL
OF THAT.
CONGRESSWOMAN, VERY GOOD TO HAVE
YOU.
>> THANK YOU, NEIL.
NEIL: THERE IS A FEAR HERE THAT
WE’RE SLIPPING INTO SOMETHING
PRETTY BAD.
THE DOW VERY CLOSE, JUST ABOUT
AT BEAR MARKET TERRITORY, THE
LOWEST IN A COUPLE OF YEARS.
DITTO THE S&P 500 AND THE
NASDAQ.
NOW, THE BIDEN ADMINISTRATION,
UNLIKE THE TRUMP ADMINISTRATION,
DOESN’T FOCUS ON MARKETS.
DO YOU THINK IT SHOULD?
>> I THINK THEY SHOULD CERTAINLY
PAY ATTENTION TO THE MARKET,
THEY SHOULD PAY ATTENTION TO
RISING INFLATION, RISING ENERGY
COSTS THAT ARE MAKING IT HARDER
FOR AMERICAN FAMILIES, AND THIS
IS -- AND WE HAVE ONE-PARTY RULE
RIGHT NOW IN WASHINGTON, D.C..
PRESIDENT BIDEN AND THE
DEMOCRATS HAVE MAJORITIES MT.
HOUSE AND THE SENATE. -- IN THE
HOUSE AND THE SENATE.
AND WHAT THE REPUBLICANS ARE
PUTTING FORWARD AND WHAT LEADER
McCARTHY AND MY COLLEAGUES AND
I ARE RALLYING AROUND IS THIS
COMMITMENT TO AMERICA.
AND IT IS A COMMITMENT TO CREATE
AN ECONOMY THAT’S GOING TO BE
STRONG, A NATION THAT’S SAFE, A
FUTURE THAT’S BUILT ON FREEDOM
AND A GOVERNMENT’S THAT --
GOVERNMENT THAT’S ACCOUNTABLE.
AND WE ARE ADDRESSING THE ISSUES
THAT ARE ON AMERICAN MINDS AND
HEARTS AND WHAT AMERICANS,
FAMILIES ARE FACING, YOU KNOW?
YOU TALK ABOUT WHAT’S GOING ON
IN THE MARKET, SO WE CONTINUE TO
SEE RISING INFLATION AND RISING
ENERGY COSTS AND HOLDING BIG
TECH ACCOUNTABLE, STOPPING THE
SURGE OF FENTANYL.
TODAY, NEIL, I’M SENDING LETTERS
TO THE, MANY OF THE BIG TECH
COMPANIES LIKE TIKTOK, SNAPCHAT
AND INSTAGRAM AND TELLING THEM
THAT THEY NEED TO DO MORE TO
STOP THE FENTANYL SALES THAT ARE
KILLING OUR CHILDREN.
I KNOW FAMILIES, I MOW
PARENTS -- CAN I KNOW PARENTS,
MANY IN MY OWN DISTRICT WHO HAVE
LOST THEIR KIDS TO FENTANYL,
JUST ONE PILL THAT THEY BUY ON
THESE PLATFORMS.
AND UNDER SECTION 230 THESE
COMPANIES ARE TO STOP THE
CRIMINAL ACTIVITY.
AND INSTEAD THEY’VE BEEN MORE
FOCUSED ON CENSORING
CONSERVATIVE SPEECH ONLINE.
NEIL: I UNDERSTAND THAT, AND
THOSE ARE VERY WORTHY CAUSES,
CONGRESSMAN, TO PUT IT MILDLY.
BUT IN THIS ENVIRONMENT WHERE
INFLATION IS RUNNING OUT OF
CONTROL AND IT’S THE NUMBER ONE
ISSUE FOR MOST AMERICANS, MANY
OF YOUR COLLEAGUES ARE SAYING
TODAY WE’RE GOING TO STOP THE
SPENDING, WE’RE GOING TO STOP,
YOU KNOW, ADDING MORE HISLY TO
THE MISERABLE SPENDING -- MISERY
TO THE MISERABLE SPENDING.
BUT IN THAT PLAN AND SOME OF THE
THINGS YOU FOLKS HAVE DISCUSSED,
THERE WILL BE SOME MORE
SPENDING, RIGHT?
SO WHERE DO YOU DRAW THAT LINE?
>> WELL, THE SPENDING THAT WE
HAVE SEEN IN RECENT YEARS IS, IT
IS, LIKE ORS IT IS OUT OF
CONTROL.
THE CONGRESS IS BASICALLY
SIGNING THESE BLANK CHECKS.
IT’S TRILLIONS AND TRILLIONS OF
DOLLARS.
AND IT IS, IT’S IMPACTING THE
MONEY SUPPLY, AND IT’S WHAT’S
DRIVING THE INFLATION, THE
RISING COSTS, RISING ENERGY --
THE.
NEIL: SO YOU WOULD STOP THAT.
THERE WOULD BE NO BIG SPENDING
INITIATIVES?
IF YOU ARE OPEN TO TAX CUTS AND
THAT SORT OF THING, COULD YOU
MAYBE ELABORATE ON THAT?
BECAUSE THAT’S WHAT THEY’RE
PROPOSING NOW IN GREAT BRITAIN.
>> WELL, IN PART, YEAH.
AND I, I THINK THAT, YOU KNOW,
WE WANT TO MAKE THE TAX CUTS
PERMANENT, FOR EXAMPLE.
WE MOW THE FORMULA -- WE KNOW
THE FORMULA THAT WAS IN PLACE
BEFORE COVID OF BRINGING DOWN,
REDUCING, YOU KNOW, THE TAX
CUTS, LIFTING THE REGULATORY
BURDEN.
THE NUMBER ONE BARRIER TO DOING
ANYTHING IN AMERICA RIGHT NOW
THAT IS THE CRIPPLING MINING,
MANUFACTURING PROCESSING, ANY
ENERGY PROJECTS IS THE
REGULATORY BURDEN.
SO WE NEED TO CUT TAXES, WE NEED
TO LIFT THE REGULATORY BURDEN,
WE NEED TO SAY YES TO AMERICAN
ENERGY.
WE NEED TO UNLEASH AMERICAN
ENERGY.
THIS ADMINISTRATION HAS, IS AT
WAR WITH AMERICAN ENERGY.
THEY ARE SHUTTING DOWN AMERICAN
ENERGY --
NEIL: NO, I SEE WHERE YOU’RE
COMING FROM, BUT I JUST WALLET
TO BE VERY CLEAR, AND I KNOW
YOU’RE LOOKING AT TAX CUTS TO DO
JUST THAT, CUT BACK ON
REGULATIONS.
SOME FEAR THAT ANYTHING LIKE
THAT IN THE NEAR TERM, NEAR
TERM, WILL MAKE DEFICITS WORSE,
WILL GIVE, YOU KNOW, INFLATION
STILL MORE CHANCE TO CONTINUE
SURGING.
ARE YOU WORRIED THAT THE VERY
POLICIES YOU’RE LOOKING AT COULD
DO THAT?
AT LEAST NEAR TERM?
>> I WOULD -- THE POLICIES THAT
ARE DRIVING INFLATION NOW ARE
THE POLICIES THAT PRESIDENT
BIDEN AND THE DEMOCRAT
MAJORITIES IN THE HOUSE AND THE
SENATE PUT IN PLACE SINCE DAY
ONE.
AND I WOULD POINT TO WHERE WE
WERE BEFORE COVID UNDER
PRESIDENT TRUMP.
WE HAD A SURGING ECONOMY.
WE HAD PEOPLE COMING OFF THE
SIDELINES GOING TO WORK, AND WE
KNOW THIS FORMULA WORKS.
SO I WOULD -- WE NEED TO GET
SPENDING UNDER CONTROL.
NEIL: WELL, WHAT DO YOU THINK
YOU WOULD CUT?
WHAT’S THE PARIS THING YOU WOULD
GO AFTER -- FIRST THING YOU
WOULD GO AFTER?
>> WELL, THERE’S A LONG LIST.
NEIL: COULD YOU GIVE ME A COUPLE
OF THINGS?
>> OKAY, OKAY.
87,000 NEW IRS AGENTS CERTAINLY
HAS BEEN TOP OF MIND.
IN THE LATEST IN THIS SO-CALLED
INFLATION REDUCTION ACT THEY
TRIPLED, NEIL, THE EPA’S BUDGET.
TRIPLED IT.
NEIL: SO YOU WOULD CUT THE EPA
BUDGET, YOU WOULD GET RID OF THE
PLANNED INCREASE IN, YOU KNOW,
IRS AGENTS.
THAT MIGHT BE A START, BUT WE
WOULD STILL HAVE A LOT OF THINGS
TO CUT, RIGHT?
>> WE NEED TO GET THE
GOVERNMENT, WE NEED TO GET
SPENDING UNDER CONTROL.
AND THE ENERGY AND COMMERCE
COMMITTEE, WE NEED TO BE DOING
OUR OVERSIGHT.
WE NEED TO BE, YOU KNOW, WE NEED
TO BE -- OVERSIGHT OF CDC.
CDC HAS NEVER BEEN AUTHORIZED.
FOR EXAMPLAR -- FERC, WE NEED TO
GET THESE AGENCIES BEFORE THE
COMMITTEE --
NEIL: YOU WOULD.
ALL RIGHT.
THERE’S A LOT PACKED THERE, AND