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Middle Class Health Benefits Tax Repeal Act of 2019

Floor Speech

Date: March 27, 2020
Location: Washington, DC
Issues: Government Budget and Spending

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Mr. McCLINTOCK. Mr. Speaker, COVID-19 didn't kill our economy. Government policies, however well intentioned, did that. In just a few weeks, they have derailed the most promising and prosperous economy of our lifetimes and put us in imminent danger of permanently destroying millions of American jobs.

The unprecedented spending in this bill threatens to destabilize the fiscal structure of our Federal Government and suppress future economic growth.

But in order to deal with those issues, we must first arrest the damage caused by the actions that have plunged us into a recession.

Temporary job losses will soon become permanent job losses, without federally guaranteed loans to preserve those jobs and a way for families to recoup their financial losses. This bill does so, although inefficiently, wastefully, and at enormous cost.

Despite all its flaws, passage of this bill is, therefore, imperative. But it is no substitute for getting Americans back to work soon.

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