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Tom M.
Republican CA 4

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  • Concurrent Resolution on the Budget for Fiscal Year 2014

    by Representative Tom McClintock

    Posted on 2013-03-19

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    McCLINTOCK. I thank the gentleman for yielding and for his leadership on this issue.

    Mr. Chairman, this debate over the budget reflects a great struggle between American families and their government over whether they or the government can best spend the money that they have earned. This budget bends that struggle slowly back in favor of those families by returning to them a little of the freedom to spend more of their own money and make more of their own decisions once again.

    The prosperity of American families is directly affected by government spending. Government cannot put a dollar into the economy that it first hasn't taken out of the economy.

    {time} 1720 It's true we see the government job that's created when government puts that dollar back in. What we don't see as clearly is the job that's destroyed when government first pulls that dollar out. We see those lost jobs as chronic unemployment and a stagnating economy.

    Every billion dollars spent in Washington means taking $9 from an average family, either in direct taxes or in tax-driven price increases as businesses pass along their costs to consumers. That means that $1 trillion of new taxes that the Senate has proposed means $9,000 per family. Now we're told, don't worry, that's all paid by businesses. But businesses don't pay business taxes, they only collect them. They pass them on to us as consumers through higher prices, to us as employees through lower wages, or to us as investors through lower earnings, usually on our 401(k)s. A trillion dollars of deficit, as we ran up last year, really means $9,000 of future taxes for every family, robbing our children of their futures.

    It's about time we started thinking about these numbers in family- sized terms, because ultimately these numbers have a very real impact on families who are struggling to balance their own budgets, to set their own priorities and to look after their own needs.

    Now, these days, we've passed more than one-third of the cost of government on to our children, and we financed the remainder through a tax system in which politicians pick winners and losers through an appallingly unfair and distorted Tax Code.

    This budget calls for doing away with these tax distortions that reward some and punish others, distortions that shift capital away from economic expansion and into the service of political interests. This budget calls for flattening and lowering tax rates to assure that no American family pays more than one-quarter of its earnings to the Federal Government.

    Those nations that have adopted similar reforms have been rewarded with explosive economic growth. That means fairness for every American taxpayer and an economy unshackled from the burdens and political favoritism of our current system.

    In short, freedom works, and it's time that we put it back to work.

    Mr. VAN HOLLEN. Mr. Chairman, just to be very clear on what the Senate Democratic plan does and what the House Democratic plan does with respect to revenue, again, we heard from Governor Romney and others last year that there are about $4 trillion in these distortions and preferences in the Tax Code that help very wealthy people. What we say is, we should get out some of that clutter, some of those preferences, and use some of that to help reduce the deficit. And we say at the [[Page H1605]] same time when you do tax reform, don't touch middle-income taxpayers, and when we asked our Republican colleagues to give us that assurance in the form of an amendment in the Budget Committee, they all voted ``no.'' So, yes, we think that you can eliminate some of the tax breaks and preferences that Mr. McClintock just talked about, and you can use some of them to reduce the deficit. But the Republican budget won't use one dime of those to help reduce the deficit.

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