'This Week' Transcript: House Speaker John Boehner and House Democratic Leader Nancy Pelosi

STEPHANOPOULOS: Talk a little bit about the presidential campaign. The Democrats have come out all guns blazing this week on -- on Mitt Romney's background at Bain Capital, ads in your state, Ohio. The vice president went to your state and said that "Mitt Romney's experience at Bain is one of costing workers jobs, costing them their pensions, and putting a burden on taxpayers, too." How do you respond to that in an effective way?

BOEHNER: Well, I think Mitt Romney's got very -- has had a very successful career. And -- and I think his prescriptions for fixing our economy are a lot better than the president's. The president's policies...


STEPHANOPOULOS: But do you think the Bain experience is going to bring him down?

BOEHNER: I don't believe so. The issue is going to be -- be the economy. And I believe that Governor Romney's proposals will strengthen our economy and get more Americans back to work.

STEPHANOPOULOS: His proposals. But will his background at Bain end up being an anchor? Clearly, the Democrats think they have some traction here.

BOEHNER: They may, but I don't believe so.

STEPHANOPOULOS: We also saw this week that whole flameout on this issue of whether or not Reverend Wright should be used in the campaign. What do you say to Republicans who think that's going to work?

BOEHNER: George, the issue is not Revenue Wright. The issue is the economy.

STEPHANOPOULOS: Just before we walked in here, the Democratic Congressional Campaign Committee, I saw an e-mail. They're already using that proposal to raise money among Democrats, calling it race-baiting at its worst.

BOEHNER: Well, listen. This kind of nonsense shouldn't happen. The -- the election's going to be about the economy and getting Americans back to work. And I think Governor Romney's prescriptions are much better.

STEPHANOPOULOS: A couple of other things before I let you go. Facebook IPO is today. And I know you don't pick stocks, but what I do want to ask you about is we saw a couple of senators, Senator Schumer and Senator Casey, yesterday introduce legislation about one of the Facebook founders, Eduardo Saverin, who's renounced his citizenship. They say -- and they want to pass legislation that says anyone who renounces their citizenship should still pay all the taxes they owe and, if they don't, they can't come back here. Do you support that legislation?

BOEHNER: Well, there's already a law on the books, George, but this is outrageous. This is absolutely outrageous.

STEPHANOPOULOS: What's outrageous?

BOEHNER: That some -- that somebody would renounce their citizenship to avoid paying taxes. Again, it's already against the law.

STEPHANOPOULOS: So you don't think you need this new legislation?

BOEHNER: No, I'm not sure it's necessary. But...


STEPHANOPOULOS: Would you support it if it is?

BOEHNER: If it's necessary, sure, I would support it.

STEPHANOPOULOS: How about on the issue of JPMorgan? We saw that their losses continued to climb on this trade that many believe -- and I know it's still a murky question -- but many believe it would run afoul of the Dodd-Frank law. And some -- and they believe that this is a sign, though, that even tougher regulation may be needed. Are you still confident that repealing Dodd-Frank is the right thing to do in the face of stories like this?

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