The Tax Cut Illusion

The Tax Cut Illusion
House Chamber, Washington, D.C.
April 19, 2012

Mr. Speaker:

    The House just passed HR 9 that purports to give a temporary tax cut to small businesses.

    I say “purports” because it doesn’t cut spending at the same time and thus it merely shifts current taxes into the future.  Once a dollar has been spent, it’s already become a tax, taken either from today -- or from tomorrow to pay for today’s deficits.

    Nor does HR 9 do much to promote economic growth because it does little to reward new productivity at the margin.  At best it produces a one-year sugar high until the bills come due.

    Tax cuts without spending reductions or real economic growth are an illusion. 

    Real tax reform would permanently reduce the marginal tax rate for all businesses and cut government spending concurrently.  This would encourage and reward economic growth, shift investment decisions from politicians to entrepreneurs and not rob our economy of its future.

    I hope, before the end of this session, that we will do so.

 

# # #
   

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Congressman McClintock will hold the following town hall meetings in August:
 
August 5
6:00 PM
Loomis Town Hall
Loomis Train Depot
5775 Horseshoe Bar Road, Loomis
 
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Copperopolis Armory
695 Main Street, Copperopolis
 
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Rocklin Event Center
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Satellite Office Hours

Office staff members are available to assist constituents with problems or concerns at satellite office locations held throughout the district.  Anyone wishing to discuss an issue of federal concern is invited to attend one of these satellite office sessions and speak with a member of staff.  For more information, or to reach staff, please call the district office at 916-786-5560.
  
Upcoming July Office Hours:
 
Amador County
 
Jackson 
Friday, July 18th
10:00 am - 12:00 pm
Conference Room D
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810 Court Street
 
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1:30 pm - 3:00 pm
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120 Toma Court
 
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Placerville
Thursday, July 10th
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El Dorado County Government Center
330 Fair Lane
 
El Dorado Hills 
Thursday, July 10th
1:00 pm - 3:00 pm
El Dorado Hills Chamber of Commerce
2085 Vine Street, #105
 
South Lake Tahoe 
Thursday, July 17th
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South Lake Tahoe Public Utility District
1275 Meadow Crest Drive
 
Fresno County
 
Auberry 
Wednesday, July 23rd
3:00 pm - 5:00 pm
The Auberry Library
33049 Auburn Rd
 
Madera County
 
Oakhurst 
Tuesday, July 22nd
1:00 pm - 3:00 pm
Yosemite Visitor Bureau Conference Room
40637 Highway 41
 
Coarsegold 
Wednesday, July 9th
3:00 pm - 5:00 pm
Yosemite Lakes Park Clubhouse
30250 Yosemite Springs Parkway
 
Mariposa County
 
Mariposa 
Tuesday, July 22nd
8:00 am - 9:30 am
Library Conference Room
4978 10th Street
 
Nevada County
 
Truckee 
Thursday, July 24th
10:00 am - 11:00 am
The Town Of Truckee
10183 Truckee Airport Rd
 
Placer County
 
Auburn 
Tuesday, July 15th
9:00 am - 11:00 am
Placer County Government Center 
CEO 3 Meeting Room
175 Fulweiler Avenue
 
Lincoln
Tuesday, July 15th
3:00 pm - 5:00 pm
Lincoln City Hall
600 6th Street
 
Rocklin 
Tuesday, July 22nd
3:00 pm - 5:00 pm
Rocklin City Hall
3980 Rocklin Rd
 
Tuolumne County
 
Sonora 
Monday, July 14th
1:00 pm - 3:00 pm
Small Business Center Conference Room
99 N. Washington St
 
 
For further information on satellite office hours, please call 916-786-5560.