Grow up': Lawmaker fires back at Obama's threat to veto another jobs bill

House Majority Leader Kevin McCarthy (R-Calif.) accused President Barack Obama of having a childlike understanding of how the economy works, and said Obama and others in the White House need to "grow up" and start supporting bipartisan bills aimed at creating jobs.

McCarthy spoke just before the House passed a bill that would permanently allow small companies to immediately deduct the cost of new equipment from their taxes, and make it easier for these companies to access capital.

Earlier in the week, the White House said it opposes the bill because it doesn't offset lost tax revenue with other revenue. The White House also scolded the House for not taking up other tax bills, such as a bill to extend a tax break for families with children, and said Obama would veto the bill.

The White House made very similar comments about a bill the House passed Thursday to encourage charitable giving. But on the House floor, McCarthy dismissed those arguments as juvenile.

"Mr. Speaker, the administration's veto threat, on the president's reasons why," McCarthy said. "First, he said that the House didn't pass a bill last Congress that he wanted. And second, he said Congress might pass bills in the future that he doesn't like."

"How does that create any jobs in America?" he asked. "Mr. Speaker, that sounds more like a schoolyard argument than a debate on the floor of the House."

"I think it's time that people grow up, understand where jobs are created, understand what uncertainty does across America, not in my district, but in every district that is represented here today."

The House passed the tax bill 272-142, with the help of 33 Democrats. But despite that bipartisan support, today's vote was not enough to override Obama's veto. House passage sends the bill to the Senate.