Speaker John Boehner said Wednesday he was not optimistic that there will be much he likes in the president’s forthcoming budget proposal, slated to be released next week.

“I’m concerned that it will have too much spending, too much taxing, and too much borrowing,” the Ohio Republican told reporters Tuesday. “Those are the kinds of activities that I think cause employers to sit on their hands and protect their pocketbooks because of the uncertainty that continues to be created by this administration.”

Boehner, Majority Leader Eric Cantor (R-Va.) and Majority Whip Kevin McCarthy (R-Calif.) are heading to the White House to meet with President Barack Obama for lunch Wednesday. Cantor and McCarthy both told reporters that they were anticipating a productive discussion.

“I’m very hopeful — you won’t be there, teleprompters won’t be there — that we have a really frank conversation on how we are going to create jobs and cut the spending in Washington,” McCarthy said.

Cantor said he and his GOP colleagues wanted to talk with Obama about how to create a less cumbersome regulatory environment, as a way to make businesses more competitive.

“Hopefully we can find some common ground so we can see jobs growing in this country again,” Cantor said.