Jobs & Economy
My number one priority in Congress is creating jobs and growing our economy. <br />
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<b>Investing in Infrastructure</b><br />
One of the best ways to create jobs is to put people to work fixing our roads, bridges, overpasses and waterways. That is why last Congress I co-authored an infrastructure jobs bill in the House that was fully paid for and would have funded transportation and infrastructure projects for two years. The U.S. Department of Transportation estimated that the legislation would have created 177,500 jobs in California alone.<br />
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I also co-authored a bipartisan port improvement bill that has gained 187 co-sponsors. This legislation would fund dredging projects, creating jobs for the people who do the dredging and helping our local economy by making our marinas, ports and harbors more accessible for business.<br />
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Not only do smart investments in infrastructure and port improvements create jobs, but they also reduce hidden taxes on businesses and communities. A March 2013 report by the American Society of Civil Engineers (ASCE) found that the poor condition of California's roads costs drivers nearly $14 billion a year in repairs and operating costs. <br />
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We have to build an economy that can compete long-term. One of the best ways to do that is to make sure our district continues to grow as a national leader in the development and manufacturing of clean energy technology. <br />
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<b>Property-Assessed Clean Energy (PACE) Program</b><br />
I am working with colleagues on both sides of the aisle on a program called the Property-Assessed Clean Energy program, or PACE, that’s seen tremendous success in parts of our district. <br />
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In 2009, I worked to get PACE language into the American Recovery and Reinvestment Act (ARRA). This language allows property owners to finance the purchase and installation of energy retrofits to their homes and businesses. <br />
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This program provides homeowners and businesses with a way to pay for retrofits to make buildings more energy efficient. And it doesn’t cost taxpayers a dime. <br />
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Since Sonoma County has started its PACE program, more than 2,000 commercial, residential, energy efficiency and water conservation projects have been undertaken. The county estimates the retrofits have pumped more than $58 million back into the local economy and have supported more than 700 jobs. <br />
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Today, I am working to pass additional legislation that will make sure every county has an opportunity to start a successful PACE program. <br />
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<b>Protecting Geothermal Royalties</b><br />
We have to protect geothermal energy and the money it bring into our communities. When geothermal revenue sharing was suspended in 2010, I authored and passed legislation that restored the payments to counties. <br />
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I am continuing to work with my colleagues on both sides of the aisle to protect geothermal revenues from future budget cuts. <br />
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Geothermal energy is good for our environment, reduces our dependence on foreign oil, and helps our economy by spurring green job creation. <br />
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In 2011, our district received nearly $2 million in geothermal royalties. That money is used to pay for governmental services, such as road maintenance, public safety and law enforcement, related to the geothermal field. <br />
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Repealing geothermal royalty payments is a short sighted plan that will do nothing to reduce our deficit. And it is not fiscally responsible. It would kill jobs, cripple future green job growth, and slow our economic recovery – all of which will only make our deficit larger. I will continue to fight against these cuts, because if a community invests in developing geothermal energy, they deserve to get their fair share in returns. <br />
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<b>Supporting Small Businesses</b><br />
I am working to support our district’s small businesses. Last Congress I introduced bipartisan legislation to simplify the tax code for small businesses. No matter which side of the aisle you’re on, we should all be able to agree that simplifying taxes for small businesses is good policy. This bill will save small businesses time, paperwork and headaches during tax season by expanding cash accounting, allowing them to focus their efforts on what they do best – growing their businesses – not on complicated accounting practices.<br />
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<b>Investing in Education</b><br />
Finally, for our long-term economic growth, we must invest in education and worker retraining so that our nation continues to have the world’s best entrepreneurs and innovators to compete in a global economy. That is why I have consistently supported funding need-based grants at their highest level so students can afford college. And it is why I co-authored legislation that would freeze some student loan interest rates and prevent them from doubling. This will save an average middle-class family about $1,000 a year. <br />
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Infrastructure, investments in new economic engines like energy, support for small businesses, and education – these are the keys to creating jobs and building a strong American economy for years to come.
The termination of federal unemployment benefits last month halted payments to 3,086 Sonoma, Lake and Mendocino county residents totaling about $936,000 in the first week, according to state figures.
Statewide, the cutoff affected 213,793 long-term unemployed people, who lost an average weekly benefit of $303, the state Employment Development Department said.
That adds up to a loss of nearly $65 million for the California economy in the first week since the cutoff on Dec. 28, Rep. Mike Thompson, D-St. Helena, said Thursday.
U.S. Rep. Mike Thompson praised the bipartisan Senate vote Tuesday that launched consideration of a three-month extension of nationwide emergency unemployment insurance.
Thompson, a Democrat and Benicia's representative in the House, is a senior member of the Committee on Ways and Means.
In a statement Tuesday, he said, "Today's bipartisan vote in the Senate is a positive step toward reinstating an important economic lifeline that millions of Americans depend on as they make the transition from joblessness to employment."
– U.S. Rep. Mike Thompson (CA-5), a senior member of the House Committee on Ways and Means, today reiterated his call on the House Majority to pass legislation extending emergency unemployment insurance as $64,858,382 was drained from California's economy during the first week of expired federal benefits. On December 28th, nearly 214,000 people in California lost an average $303 weekly benefit when the federal Emergency Unemployment Compensation program expired. An additional 12,531 people in California will lose benefits each week during the first half of 2014.
On Tuesday the US Senate voted 60 to 37 to consider extending emergency unemployment insurance to more than one million Americans for three months, a step lauded by the two congressmen representing Lake County.
US Reps. John Garamendi (D-Fairfield) and Mike Thompson (D-St. Helena) also urged their colleagues in the House of Representatives to take up the legislation.
U.S. Rep. Mike Thompson (CA-5), a senior member of the House Committee on Ways and Means, issued the following statement after the Senate voted to begin consideration of a bipartisan three-month extension of emergency unemployment insurance (S. 1845) on a vote of 60 to 37:
U.S. Rep. Mike Thompson (CA-5) today voted in favor of House Joint Resolution 59, the Bipartisan Budget Act of 2013. This legislation is a result of the deal struck by House Budget Committee Chairman Paul Ryan (R-WI) and Senate Budget Committee Chairwoman Patty Murray (D-WA). The legislation sets concrete spending levels for the next two fiscal years and partially replaces across-the-board sequestration cuts mandated by the 2011 Budget Control Act.
Congressmen Mike Thompson (D- St. Helena) and Kevin Brady (R-The Woodlands), senior members of the House Committee on Ways and Means, Thursday introduced bipartisan legislation for small businesses in regard to federal employment tax responsibilities.
The Small Business Efficiency Act would provide rules for Professional Employer Organizations (PEOs) that are voluntarily certified by the IRS to collect and pay federal employment taxes for small business clients.
U.S. Reps. Mike Thompson (D-CA) and Kevin Brady (R-TX), senior members of the House Committee on Ways and Means, today introduced bipartisan legislation that will help reduce burdens faced by small businesses and ensure better compliance with complex federal employment tax responsibilities. H.R. 3581, the Small Business Efficiency Act of 2013, would provide clear rules for Professional Employer Organizations (PEOs) that are voluntarily certified by the Internal Revenue Service (IRS) to collect and pay federal employment taxes for their small business clients.
Six members of California's congressional delegation who have long opposed the state's Bay Delta Conservation Plan yesterday objected to changing cost estimates of an alternative measure that would take less water from the delta -- which supplies water to 25 million Californians -- than the state-backed proposal.