Gov. John Kasich (R-OH) spoke to Chris Wallace in an exclusive "Fox News Sunday" interview about President Obama's State of the Union address, the state of the U.S. economy and his possible plans for the 2016 presidential election.

"Raising capital gains taxes is just a prescription for economic slowdown," Kasich said of one of Obama's State of the Union economic proposals. "You cannot build a little guy up by tearing a big guy down."

"The fact is what Americans want is they want everyone to share in opportunity, everybody to be hopeful, and that's what we do in our state. And it's something that the country could learn from."

As for his push for a balanced federal budget, Kasich pointed out that the U.S. is 18 trillion in debt.

"This is about protecting our kids, the next generation, and providing economic growth today," Kasich said. "And just think about a convention, if we would go to a convention instead of kids focusing on Justin Bieber and Tom Brady and deflated footballs, maybe they would start thinking about Ben Franklin and Jefferson and Madison and Monroe and we can renew our country."

"We're fiddling around while Rome burns," Kasich said, calling for action now before the deficit balloons to 30 trillion or more.

Wallace asked Kasich what factors he'll take into consideration when deciding on a potential 2016 presidential run and when that decision could come.

"I have not taken any options off the table. There's plenty of time for me to decide," Kasich said. "What this country needs to do is grow and to stop fighting every single day. All I hear is fighting. You know what, people don't want fighting all the time. They want people to agree and move our country forward."

Watch the full "Fox News Sunday" interview above.