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Congressman Tom McClintock

Representing the 4th District of California

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This is the trade agreement negotiated by the Trump administration and held up in the House for the last year by the Democrats...
This bill trades a temporary tax reduction for a permanent tax increase...
These bills guarantee a $1 trillion-plus budget deficit for the current year, which moves our nation much closer to a debt crisis in the near future. Think of it as $8,000 added to an average family’s credit card debt. I have a long list of policy objections to both bills, but my biggest concern is the cumulative damage that trillion-dollar deficits are creating for our nation. These bills would increase our debt trajectory ANOTHER $600 billion above what we’re currently projecting for the next decade. This is simply unsustainable and courts a debt spiral as the capital market begins to question our ability to confront it. The bi-partisan support for this bill is an urgent warning that neither party seems interested in even TRYING to address our looming debt crisis. Even the booming Trump economy can’t compensate for the long-term damage this collapse of fiscal discipline is creating for our country dead ahead and evokes Madame de Pompadour’s concession, “apres nous, le deluge.”
This bill provides for the government to set prices for drugs sold in the United States – classic price controls by a different name. The problem is that price controls – which date back to Hammurabi’s Code – consistently and unerringly produce a shortage of whatever commodity they’re trying to control -- in this case, life-saving drugs...

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