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Congressman Tom McClintock

Representing the 4th District of California

Fiscal and Economic

More on Fiscal and Economic

July 13, 2021 Speeches
Today we will hear from Dr. Ronil Hira of the damage done to American workers – and to the foreign workers themselves -- through abuses in guestworker programs like H-1B, L-1 and the Optical Practical Training program, and how despite assurances of the left, pay far below the market rates for labor and displace skilled American workers. This has resulted in continuing scandals as skilled American workers have been ordered to train their foreign replacements as a condition of receiving severance pay, including major corporations like Southern California Edison, Siemens, Disney, AT&T and the University of California. Under the OPT program, employers don’t have to pay payroll taxes if they hire foreign nationals here on student visas for 29 months after graduation. If you know a college graduate who has a science, technical, engineering or mathematics degree who can’t find an entry level job, you need look no farther than this discriminatory program.
June 29, 2021 Columns
Ever since the Magna Carta, it has been a settled principle of good governance that the power that appropriates public funds should not be the same power that spends them. This principle is at the heart of our Constitution: the separation of powers.
June 3, 2021 Columns
When the Democrats passed Mr. Biden’s $1.9 trillion spending spree in March, a lot of people got a lot of free money – thousands of dollars in many cases. But the bill is already coming due for that free money, and, as many of us warned, it turns out that free money is very expensive. Indeed, it turns out that the very same families most harmed by the lockdowns will be the most harmed by paying the bill for the lockdown relief. It comes to about $15,000 for an average family and the first installment is already reflected in the rising inflation sapping the purchasing power of working families.
May 21, 2021 Press Release
Washington, D.C.- Representative McClintock was honored by National Taxpayers Union (NTU) for having one of the strongest voting records in Washington, D.C. for supporting limited government, economic freedom, and low taxes. This year Representative McClintock ranked #1 on NTU’s House scorecard and he is one of only 33 House members to have earned the “Taxpayers’ Friend Award” for his outstanding voting record during the 2020 Congressional session.
March 19, 2021 Speeches
This bill is just the first taste of the bitter brew concocted by the those who pushed through $1.9 trillion of pure deficit spending last week.
March 10, 2021 Speeches
One thing all sides agree on: this is the most liberal bill ever passed by Congress. But beware: there’s no such thing as free money. ALL OF IT must be borrowed from the same capital pool that would otherwise be available as loans to consumers, homebuyers, and small businesses. And it will be repaid entirely from YOUR future earnings in the years ahead.
February 3, 2021 Speeches
Two Trillion dollars in revenues. Six trillion dollars in spending. This is madness. This is how countries commit fiscal suicide: force the economy to shut down and then hand out government checks. The problem, of course, is that government does not finance the economy. It is the economy that finances the government. And when you wantonly destroy millions of jobs by forcing small businesses to shutter, by cancelling construction and energy production across the country; when you flood the labor market with millions of illegal immigrants (all at a time when millions of Americans are out of work), you shut down the economy and you shut down the tax revenues that the economy produces and that the government spends.
December 28, 2020 Speeches
Let’s get this straight: the small shopkeeper who’s just lost their entire savings because of the lockdowns will get the same $2,000 grant as the government bureaucrat who’s been enjoying a steady paycheck at home for the past ten months...
September 22, 2020 Vote Notes on Legislation
Just how long is the road we keep kicking this can down? This is another continuing resolution that extends federal spending until December 11, 2020, in order to get past the election. It’s a good bet we’ll see another one to get past the inauguration. And then to get past summer recess. What’s not a good bet is that this Congress will deal with the horrendous deficit it has created by ignoring its budget responsibilities.
April 23, 2020 Speeches
When we passed the Paycheck Protection Program, I warned that serious flaws would deliver a windfall to businesses that do not need it, at the expense of those that do. That is exactly what happened, exhausting the fund within days...