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Congressman Tom McClintock

Representing the 4th District of California

The Economy

November 15, 2017
Current Issues

Click for Fiscal and Economic Issues

November 15, 2017 Speeches
This amendment assures that the tax reform bill leaves no taxpayer behind. It retains all the provisions on C-corporations and pass-throughs that are desperately needed to produce the kind of economic growth that our country is capable of. It strikes the provisions in the bill that change the personal income tax code and replaces them with a permanent, one percent across-the-board reduction in the rates in every bracket. This should fit within the existing budget authority and save an average family about $600 per year on their taxes.
November 10, 2017 Columns
In the last four national elections, Americans made it clear that we won’t accept the economic stagnation we’ve suffered during this past decade. Obama’s policies of higher taxes and greater regulatory burdens suppressed economic growth to a dismal 1 ½ percent annual average – about half the post-war growth rate of three percent.
November 8, 2017 Press Release
According to Arthur Laffer and Martin Feldstein, the business side of the tax reform will produce $5 trillion of growth over the next decade. MAGA! But we’re getting wrapped around the axle on the personal income tax side

 

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?

 

Budget for Fiscal Year 2018 - House Budget Committee

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.
 
 

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.

January 11, 2017 Speeches
In the last eight years, our nation’s debt has doubled. That means the Obama administration has borrowed as much money in eight years as our government borrowed in the 220 years between the first day of the George Washington administration until the last day of the George W. Bush administration.
December 8, 2016 Vote Notes on Legislation

Continuing Resolution to Fund the Government: Yes.  Hopefully, this is the last continuing resolution that we will see.  Like those before it, it spends too much, abandons Congress’ fundamental responsibility to superintend the nation’s finances, and circumvents the normal budget process.  But it also gets us out of the debt, doubt and despair of the Obama administration into the prosperity, hope and promise of the Trump era.

December 1, 2016 Speeches
President-elect Trump has many difficult fiscal tasks ahead – one of which is to promote long-overdue infrastructure construction at a time when the national debt exceeds our entire economy and interest costs alone are eating us alive. Some have said that a rebounding economy resulting from tax reform will pay for it. That may be, but it’s not guaranteed; it cannot be accurately forecast; and we’ll need any new revenues to beef up our defenses and reduce our deficit – two other critical objectives of the new administration.
September 28, 2016 Vote Notes on Legislation

Senate Amendment to HR 5325 – Fiscal Year 2017 Continuing Resolution: YES.  This bill avoids a government shutdown on October 1st by extending current spending authority through December 9th.  This is the WORST way to fund the government, because it fails to exercise congressional oversight through the budget and appropriations bills.  Unfortunately, sincere but poorly reasoned opposition from the “Freedom Caucus” blocked adoption of the budget this year and doomed legislative efforts to exercise that oversight.

September 8, 2016 Speeches
When we talk of PILT funding, we should never lose sight of the fact that it is a very, very poor substitute for revenues generated locally by healthy economic activity. Our ultimate objective should be not to institutionalize PILT funding, but to restore a healthy balance between federal land ownership and productive private ownership of the lands within each county in the nation.
September 7, 2016 Speeches
I want to thank Congressman Gohmert for organizing this discussion of federal lands policy, and to highlight the Federal Footprint Map at Naturalresources.house.gov/federalfootprint. Or just google Federal Footprint. When you do, you’ll have a complete picture of how much land the federal government owns and how much of your state and your community is affected. And it may surprise you.
June 16, 2016 Press Release

Washington, D.C.- For the second year in a row, the House of Representatives today overwhelmingly passed a bipartisan amendment offered by Rep. Jared Huffman (D-CA) and Rep. Tom McClintock (R-CA) to strike a congressional earmark from the 2017 Defense Appropriations Bill that would spend millions of dollars to ship Pennsylvania coal over 3,000 miles to American military bases in Germany. 

June 16, 2016 Press Release
This amendment forbids scarce defense dollars from being spent to fund two executive orders and several other provisions of law that require the military to squander billions of dollars on so-called “Green Energy.”
June 16, 2016 Press Release
I do not support the war on coal waged by this administration and my friends on the left. I DO support the war on waste, and I support this amendment based on that fiscal imperative.
June 9, 2016 Speeches
The House is expected to take up the “PROMESA” bill today, with serious implications to every taxpayer in the country.