Fiscal and Economic
More on Fiscal and Economic
April 21, 2009. Rep. Tom McClintock (R-Granite Bay) today introduced legislation that allows banks to immediately pay back Troubled Asset Relief Program (TARP) funds to the U.S. Treasury. Banks which were pressured to accept TARP funding are now facing serious obstacles, uncertainty and continued government control in their efforts to return the funds to taxpayers.
House Chamber, Washington D.C. April 21, 2009. Mr. Speaker: Many Americans have been shocked in recent days to learn that banks seeking to repay TARP money have been told the treasury will not allow them to do so.
Taxpayers were promised that this money was only to be used to buy up toxic assets and that it would be repaid to the treasury as soon as humanly possible.
Sacramento, California. April 15, 2009. Let the word go forth today from gatherings like this across the nation that the silent majority is no longer silent. We are stirring. We are awakening. We are many.
House Chamber, Washington, D.C. April 2, 2009 Mme. Chairman: I feel one of those rare bi-partisan moments coming on. Throughout these budget debates, my friends on the Left keep saying that our problems are rooted in the fiscal mismanagement of the Bush Administration.
House Chamber, Washington, D.C. April 1, 2009 Mr. Speaker: The American people are awakening to a danger of a budget that spends too much and borrows too much and taxes too much, because they know what that means.
They know that you can’t spend your way rich.
They know that you can’t borrow your way out of debt.
By Tom McClintock On June 28, 1991, the California Assembly began debate on what was then the biggest tax increase in California’s history: a $7 billion tax hike pushed by Gov. Pete Wilson that included increases in sales, income and car taxes.
March 19, 2009. HR 1586 would tax 90 percent of the bonuses that push an executive’s earnings above $250,000 IF his company has received more than $5 billion in federal bailout funds.
I reluctantly supported HR 1586 for a simple and singular reason: it will stop or slow the corporate bailouts that are bankrupting our country.
House Chamber, Washington, D.C. March 17, 2009. M. Speaker: I have been asked to present more than 6,000 postcards generated by the Armstrong and Getty radio show to protest policies that can best be described by the new bumper sticker, “Honk if you’re paying my mortgage,” or today’s reprise, “Honk if you’re paying AIG’s bonuses.”
House Chamber, Washington, D.C. March 12, 2009. Mr. Speaker: Many people were quite relieved when President Obama promised to reduce taxes on 95 percent of Americans.