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Congressman Tom McClintock

Representing the 4th District of California

The Economy

March 23, 2018
Current Issues

Click for Fiscal and Economic Issues

April 10, 2018 Speeches

It’s important to ask ourselves how the tax reform is doing, and I thank my colleague for organizing this time tonight. In my district, the average family is paying $1,900 LESS federal income tax this year – which means $1,900 MORE they can spend to meet their needs.
 
March 22, 2018 Vote Notes on Legislation
This is the $1.3 trillion “Omnibus” bill that increases discretionary spending a staggering 18 percent in a single year, puts us on course for a trillion dollar deficit next year and sets the stage for a sovereign debt crisis within the next few years.

 

El Dorado Hills Chamber of Commerce Dinner

February 22, 2018 Speeches
For years, I’ve only been able to report to you what we SHOULD be doing to revive the economy. Today, FINALLY, I can report to you what we HAVE done – and THAT it is working.

 
February 9, 2018 Vote Notes on Legislation
This measure abandons any pretense of fiscal responsibility and increases federal spending caps by nearly $300 billion ($2,400 per household) over the next two years. It sets up a structure that will allow Congress to bypass its own budget rules...

 

Fruits of Tax Reform

January 18, 2018 
With the bill now taking effect, I believe people are about to see their paychecks grow, their job prospects brighten, and their family finances improve.

 

Morning Again in America - Tax Reform 

December 19, 2017 
I opposed the House version of the tax reform bill because the loss of broad-based deductions like state and local taxes would have caused significant tax increases on many of my middle-class constituents in the high-tax, high-cost state of California. It increased the marginal tax rate on high income earners and abolished life-line deductions such as casualty loss, medical expenses and student interest. I urged that we should leave no taxpayer behind. I want to thank Chairman Brady, the Republican Leadership and the conference committee for heeding these concerns. Their final product exceeds my expectations, and on behalf of California taxpayers I can now offer my enthusiastic support. The new version leaves the casualty loss, medical expense and student interest deductions intact.


Senate Amendments to the Budget

October 26, 2017 
Unsustainable government spending drives both taxes and debt. The budget resolution sets the spending architecture for the fiscal year. The House version provided for $200 billion of enforceable mandatory spending reductions over ten years and balanced within the decade.

 

October 4, 2017 
For the first time in many years, this budget uses the reconciliation process for the purpose it was intended: to bring mandatory spending under control.

 

September 8, 2017 Vote Notes on Legislation

Vote Note on H.R. 601

H.R. 601 – Three-month Debt Limit Suspension, $230 billion of general spending and $8 billion for Emergency Hurricane Relief.

 

The Senate's Choice

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.


NTLF Tax Colloquium

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?

 

Click for more Fiscal and Economic Issues