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Congressman Tom McClintock

Representing the 4th District of California

Fiscal and Economic

More on Fiscal and Economic

April 6, 2017 Vote Notes on Legislation

H.R. 1219 – Supporting America’s Innovators Act: YES.  Venture capital firms loan money to start-up companies.  Since the adoption of Dodd-Frank, heavy government regulation has severely reduced the amount of capital loaned by these firms.  Although the JOBS Act of 2012 eased the regulatory burdens on small capital venture firms, its provisions did not apply to coordinated investment pools of more than 100 investors.  This bill simply raises that cap to 250, on funds with less than $10 million of capitalization.    

April 5, 2017 Vote Notes on Legislation

H.R. 1304  – Self Insurance Protection Act: YES.  Some employers set up their own employee health care fund, and will often buy stop-loss insurance that picks up costs above a certain amount, thus protecting the employer from catastrophic losses and assuring employees’ expenses are covered.  Some states are attempting to regulate these stop loss agreements as health insurance, driving them out of the market.  This bill makes clear that these contracts are financial instruments and not to be regulated as if they were end-user health insurance.

January 11, 2017 Speeches
In the last eight years, our nation’s debt has doubled. That means the Obama administration has borrowed as much money in eight years as our government borrowed in the 220 years between the first day of the George Washington administration until the last day of the George W. Bush administration.
December 8, 2016 Vote Notes on Legislation

Continuing Resolution to Fund the Government: Yes.  Hopefully, this is the last continuing resolution that we will see.  Like those before it, it spends too much, abandons Congress’ fundamental responsibility to superintend the nation’s finances, and circumvents the normal budget process.  But it also gets us out of the debt, doubt and despair of the Obama administration into the prosperity, hope and promise of the Trump era.

December 1, 2016 Speeches
President-elect Trump has many difficult fiscal tasks ahead – one of which is to promote long-overdue infrastructure construction at a time when the national debt exceeds our entire economy and interest costs alone are eating us alive. Some have said that a rebounding economy resulting from tax reform will pay for it. That may be, but it’s not guaranteed; it cannot be accurately forecast; and we’ll need any new revenues to beef up our defenses and reduce our deficit – two other critical objectives of the new administration.
September 28, 2016 Vote Notes on Legislation

Senate Amendment to HR 5325 – Fiscal Year 2017 Continuing Resolution: YES.  This bill avoids a government shutdown on October 1st by extending current spending authority through December 9th.  This is the WORST way to fund the government, because it fails to exercise congressional oversight through the budget and appropriations bills.  Unfortunately, sincere but poorly reasoned opposition from the “Freedom Caucus” blocked adoption of the budget this year and doomed legislative efforts to exercise that oversight.

September 8, 2016 Speeches
When we talk of PILT funding, we should never lose sight of the fact that it is a very, very poor substitute for revenues generated locally by healthy economic activity. Our ultimate objective should be not to institutionalize PILT funding, but to restore a healthy balance between federal land ownership and productive private ownership of the lands within each county in the nation.
September 7, 2016 Speeches
I want to thank Congressman Gohmert for organizing this discussion of federal lands policy, and to highlight the Federal Footprint Map at Naturalresources.house.gov/federalfootprint. Or just google Federal Footprint. When you do, you’ll have a complete picture of how much land the federal government owns and how much of your state and your community is affected. And it may surprise you.
June 16, 2016 Press Release

Washington, D.C.- For the second year in a row, the House of Representatives today overwhelmingly passed a bipartisan amendment offered by Rep. Jared Huffman (D-CA) and Rep. Tom McClintock (R-CA) to strike a congressional earmark from the 2017 Defense Appropriations Bill that would spend millions of dollars to ship Pennsylvania coal over 3,000 miles to American military bases in Germany. 

June 16, 2016 Press Release
This amendment forbids scarce defense dollars from being spent to fund two executive orders and several other provisions of law that require the military to squander billions of dollars on so-called “Green Energy.”