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One of the items of unfinished business remaining before this session is extending the payroll tax cut of last year that funds Social Security.
It’s an infra-marginal tax cut, meaning that it doesn’t change economic incentives and therefore it doesn’t produce lasting economic growth. But it does provide great relief to working families, allowing them to keep more of their earnings at a time of declining incomes, shriveling assets and rising prices, and it should be extended.
I rise in opposition to Section 1021 of the underlying Conference Report (H.R. 1540, the National Defense Authorization Act).
This section specifically affirms that the President has the authority to deny due process to any American it charges with "substantially supporting al Qaeda, the Taliban or any ‘associated forces'" – whatever that means.
Would "substantial support" of an "associated force," mean linking a web-site to a web-site that links to a web-site affiliated with al-Qaeda? We don't know. The question is, "do we really want to find out?"
HR 3630 – Payroll Tax Cut Extension: NO. Although the temporary payroll tax cut doesn’t produce lasting economic growth, I support its continuation because it allows working families to keep more of their earnings at a time of declining incomes, shriveling assets and rising prices. But since the payroll tax funds Social Security, which is already in permanent deficit, these funds must be made up by other means. The healthy way to do so is HR 3551, which I cosponsored, to give every American the choice to receive the year of tax relief in exchange for delaying retirement by a month.
Topping the list of unfinished business this year is the impending collision of two closely related crises: the expiration of the payroll tax cut and the acceleration of Social Security’s bankruptcy.
Last year, Congress voted for a payroll tax cut that averages roughly $1,000 for every working family in America.
As warned, it failed to stimulate economic growth and it accelerated the collapse of the Social Security system. But as promised, it threw every working family a vital lifeline in tough economic times.
Congressman McClintock has introduced H.R. 3544. The legislation offers litigatory reforms for local communities. The Congressman discussed the legislation in a House floor speech on December 1, 2011:
The Plunder of Colfax
In the Sierra Foothills in northeastern California lies the little town of Colfax, population 1,800, with a median household income of about $35,000.
In the Sierra Foothills in northeastern California lies the little town of Colfax, population 1,800, with a median household income of about $35,000.
Over the past several years, this little town has been utterly plundered by regulatory and litigatory excesses that have pushed the town to the edge of bankruptcy and ravaged families already struggling to make ends meet.
Today the House will consider HR 822, a long-overdue measure to assure that states recognize the concealed weapons permits issued by other states.
This very simple measure has unleashed a firestorm of protests from the political left. I noted one polemicist, who obviously has not read the Constitution, fumed that this is a Constitutional violation of states’ rights enshrined in the tenth amendment.
Congressman Tom McClintock (CA-04) and 11 cosponsors today introduced House Joint Resolution 84, a balanced budget constitutional amendment. The amendment consists of 27 words and prohibits the government from increasing U.S. debt except for a specific purpose and with the approval of three-fourths of Congress.
Congressman McClintock discussed the legislation in a House Floor speech. The remarks are attached below.
Back to Basics with the Balanced Budget Amendment
House Chamber, Washington, D.C.
November 2, 2011
House Chamber, Washington, D.C. November 2, 2011. Mr. Speaker: The International Monetary Fund estimated that as of Halloween night, the debt of this nation surpassed its entire economy for the first time since World War II. We all know that if you live beyond your means today you must live below your means tomorrow. That’s the tomorrow that our generation has created for the children who were dressed up as princesses and cowboys when they came calling on Monday. That is our generation’s eternal shame, and something that our generation must set right.
House Chamber, Washington, D.C. October 26, 2011. M. Speaker: The government’s continuing failure to address our nation’s gut-wrenching unemployment stems from a fundamental disagreement over how jobs are created in the first place.
We are now in the third year of policies predicated on the assumption that government spending creates jobs.
We have squandered three years and trillions of dollars of the nation’s wealth on such policies, and they have not worked because they cannot work.