Thomas Chipman McRae (December 21, 1851 – June 2, 1929) was an American attorney and politician from Arkansas.

He served as a Democratic member of the United States House of Representatives (1885 to 1903) and the 26th Governor of Arkansas, from 1921 to 1925.

He attended Soule Business College in New Orleans, Louisiana and graduated with a law degree from Washington and Lee University in Lexington, Virginia.

Blount, an African American school superintendent from Forest City, was the leader of a splinter GOP faction called the "Black-and-Tan Republicans," who protested the "lily-white" stand of its new leaders that included gubernatorial nominee Townsend.

Upon the end of his governorship, McRae was appointed special Chief Justice of the Arkansas Supreme Court.

He was also the grandfather of Thomas C. "Tom" McRae, III, longtime President of the Winthrop Rockefeller Foundation who challenged Bill Clinton for the Democratic Gubernatorial Nomination in 1990.