[Congressional Record (Bound Edition), Volume 158 (2012), Part 4]
[House]
[Page 5248]
[From the U.S. Government Publishing Office, www.gpo.gov]




                       SMALL BUSINESS TAX CUT ACT

  (Mr. McCLINTOCK asked and was given permission to address the House 
for 1 minute.)
  Mr. McCLINTOCK. Mr. Speaker, the House just passed H.R. 9, purporting 
to give a temporary tax cut to small businesses. I say ``purporting'' 
because it doesn't cut spending at the same time, and thus it merely 
shifts current taxes into the future. Once a dollar has been spent, it 
has already become a tax, taken either from today or from tomorrow to 
pay off deficits.
  Nor does H.R. 9 do much to promote economic growth because it does 
little to reward new productivity at the margin. At best, it produces a 
1-year sugar high until the bills come due.
  Tax cuts without either spending reductions or real economic growth 
are an illusion. Real tax reform would permanently reduce the marginal 
tax rate for all businesses and cut government spending concurrently. 
This would encourage and reward growth, shift investment decisions from 
politicians to entrepreneurs, and not rob our economy of its future. I 
hope before the end of this session that we will do so.

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