7/29 @ 10:00 AM ET | GOP Leadership Press Conference - WATCH LIVE HERE

In an interview with David Gregory on NBC’s Meet the Press, Speaker Boehner expressed his opposition to the short-term bill passed by the Senate, noting the House passed a reasonable, responsible bill that would extend payroll tax relief for a full year and help create new American jobs. Boehner said he agrees with President Obama that Congress should not go on vacation until it finishes its work on this important measure, and suggested one option is a formal House-Senate conference to resolve any differences (as it did in the bipartisan, bicameral government funding bill passed this weekend). Below are key excerpts from the interview:

BOEHNER OPPOSES SHORT-TERM SENATE BILL, SAYS TAX RELIEF SHOULD BE EXTENDED FOR ONE YEAR:

“I, and our members, oppose the Senate bill. It’s only for two months. … I believe that two months is just kicking the can down the road. The American people are tired of that. Frankly, I’m tired of it. On the House side we’ve seen this kind of action before coming out of the Senate. It’s time to just stop, do our work, resolve the differences, and extend this for one year.”

BOEHNER SAYS HOUSE PASSED REASONABLE, RESPONSIBLE BILL:

“We passed a one-year extension of the payroll tax credit, unemployment insurance with reforms, making sure that those doctors who treat Medicare patients are not going to see their reimbursements cut. We had a reasonable responsible bill that we sent over to the Senate. And, you know, if you talk to employers, they talk about the uncertainty. How can you do tax policy for two months? So, we really do believe it’s time for the Senate to work with the House, to complete our business for the year. We’ve got two weeks to get this done. Let’s do it the right way. ”

BOEHNER AGREES WITH PRESIDENT OBAMA: CONGRESS SHOULD NOT GO ON VACATION UNTIL IT FINISHES ITS WORK:

“You know, the president said we shouldn’t go on vacation until we get our work done. And frankly, House Republicans agree.”

BOEHNER SAYS ONE OPTION GOING FORWARD COULD BE FORMAL HOUSE-SENATE CONFERENCE:

“The House has passed its bill. Now the Senate has passed its bill. And, you know, under the Constitution, when we have these disagreements, there could be a formal conference between the House and Senate to resolve our differences. But our members really do believe, we have to do our work. The president said we shouldn’t be going on vacation without getting our work done. Let’s get our work done, let’s do this for a year. And earlier this week, both the House and Senate, in a bipartisan, bicameral way, funded our government through September 30th. We did it in a regular process, regular order, and what the regular order here is a formal conference between the House and Senate.”

BOEHNER SAYS POTUS’ DELAYS ON KEYSTONE JOBS INITIATIVE ARE “NONSENSE”:

“That’s nonsense. David, it’s been going on for three years. All the studies are done. It’s gone through every part of the regulatory process. The only issue here is that the president doesn’t want to have to make this decision until after his election. Twenty thousand direct jobs, 100,000 indirect jobs, to build a pipeline from Canada down to the Gulf, that would help our energy security, help produce more energy here in North America. This is the right thing to do. The American people support it. And the president shouldn’t continue to just put this off for his own election convenience. … This was about to be approved last summer. So waiting and waiting and waiting is not the answer here. It is time to proceed with the pipeline. … He’s already had ample time. He’s just kicking this can down the road, same Washington nonsense, because it may anger some people in his base.”

BOEHNER SAYS GOP IS FIGHTING FOR A SMALLER, LESS COSTLY, AND MORE ACCOUNTABLE GOVERNMENT:

“What the party wants is they want a smaller, less costly, and more accountable government in Washington, DC, and they’re tired of waiting. That’s the real issue. Government’s too big. It’s too involved in our lives. It’s getting in the way of our economic recovery. And frankly, in my view, it could be getting in the way of the ability of my kids and grand kids, if we ever have any grand kids, to have the chance at the American Dream that I’ve had and that you’ve had. That’s my goal, is to make sure every American has opportunities. But this government, in my view, is just knocking those opportunities out.”