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Congressman Tom McClintock

Representing the 4th District of California

Fiscal and Economic

More on Fiscal and Economic

September 7, 2017 Speeches
Two weeks after the 2016 election, I spoke on the House floor and warned that the greatest single obstacle to meeting the expectations of the American people was the cloture rule in the Senate. I said: “Voters elected Republican majorities in both houses of Congress and they expect action. They’ll get it from the President and from the House. But in order for the Senate to rise to this occasion, it must reform its cloture rule when it organizes in January.” It didn’t.
September 6, 2017 Speeches
This amendment eliminates the $150 million of discretionary spending wasted on one of the least essential programs in the entire United States Government, the so-called “Essential Air Service.” That is the program that subsidizes empty and near-empty planes to fly from small airports to regional hubs just a few hours away or less by car.
August 18, 2017 Speeches
Thank you for organizing this discussion on tax reform. I believe the most important mandate given to this administration and this Congress is to revive our economy. Our success or failure will largely be determined on achieving this objective and will be judged by the answer every American gives to Ronald Reagan’s question in both 1980 and 1984: “Are you better off than you were four years ago?
July 27, 2017 Speeches
This administration was elected to drain the swamp, and one of its muckiest parts is the Export-Import Bank, that makes taxpayer-guaranteed loans to foreign companies that buy American products – often to use in competition with American companies that get no such advantage.
July 19, 2017 Speeches
Since 1964, we have tried to end poverty the Democrats’ way. According to the Heritage Foundation, we have spent $22 trillion fighting the war on poverty as a result. Adjusted for inflation, this is three times more than all the military wars we have ever fought – combined. Put another way, that is $176,000 taken from the lifetime earnings of every family in America over those 50 years.
July 19, 2017 Speeches
On our current trajectory, the CBO warns that just four fiscal years from now – in 2022 – our annual deficits will surpass a trillion dollars. That’s where economists warn we run the risk of damage or even loss of our access to credit – a sovereign debt crisis.
May 9, 2017 Press Release
“President Trump has nominated a true champion of free-market principles to lead the Export-Import Bank. I have no doubt that Scott Garrett will fundamentally transform the Bank to embrace merit over political favoritism. That’s a good start.”
May 3, 2017 Vote Notes on Legislation
This bill funds the government through September 30th. Sadly, it continues a spending trajectory in which deficits are expected to hit trillion-dollar annual levels within just a few years – risking a sovereign debt crisis that has proven devastating to economic growth and often fatal to other countries...
April 27, 2017 Speeches
The last four elections have defined one of the most dramatic political realignments in our country’s history. In those elections, we’ve seen a net shift of 64 U.S. House seats, 12 U.S. Senate seats, 10 governors, 919 state legislative seats and the presidency shift from Democrats to Republicans. This happened in large part on three overarching mandates: revive the economy; secure our borders and repair our healthcare system. If President Trump can accomplish these three objectives, his administration and this congress will be remembered as one of the most successful and beneficial in our nation’s history.
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.