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.
As the nation and Congress face an Aug. 2 deadline to raise the debt limit or face national default, Congressman Mike Thompson, D-St. Helena, said he is not willing to balance the budget “on the backs of seniors, the poor or the middle class.”
The White House threatened Tuesday to veto emergency legislation pending in the House to avert a threatened national default.
“Most Americans agree that we must address our nation's debt crisis and put our fiscal house in order - and soon. As a matter of fact, just today, former Reagan Treasury deputy assistant secretary Bruce Bartlett testified at a Ways and Means Committee hearing that failing to raise the debt ceiling would cause a chain of events ‘much worse' than the 2008 financial crisis.
The debt crisis must be resolved without gutting Medicare or Social Security, North Coast Reps. Mike Thompson and Lynn Woolsey said Tuesday.
Thompson, D-St. Helena, said he is “not afraid to cut spending where it's deserved” and noted that he has voted to cut spending by more than $100 billion this year. But he said in a written statement that he is “not willing to vote to balance the budget on the backs of seniors, the poor or the middle class.”
North Coast Reps. Mike Thompson and Lynn Woolsey joined 26 other House members and Sens. Dianne Feinstein and Barbara Boxer in supporting California's appeal of a decision that denied federal disaster aid to counties hit hard by an extended March storm.
The bipartisan letter, signed by six Republican and 22 Democratic House members, supported Gov. Jerry Brown's appeal. It seeks to overturn a Federal Emergency Management Agency decision that denied federal assistance to 17 counties, including Mendocino, Humboldt and Del Norte counties on the North Coast.
Rep. Mike Thompson joined with two House Republicans Wednesday in introducing legislation to protect the government-financed home and business energy retrofit programs that have run afoul of federal housing regulators.
Sonoma County has been a pioneer among the dozens of local and state governments offering Property Assessed Clean Energy, or PACE programs. Since its inception more than two year ago, the county program has handed out about $48 million in retrofit financing, which property owners repay through their property tax bills.
A government program that helped homeowners finance and install green upgrades before a technical roadblock stalled it last year may be resuscitated by Congress.
“We are pleased that the Obama Administration is committed to addressing the growing issue of electronics waste, which now represents the fastest growing waste stream in the United States.
Today a bipartisan group of members - Reps. Mike Thompson (D-CA), Nan Hayworth, M.D. (R-NY), and Dan Lungren (R-CA) - introduced the PACE Protection Act of 2011. The Property Assessed Clean Energy (PACE) program - currently available in 27 states and the District of Columbia - allows property owners to finance energy efficiency and renewable energy projects for their homes and commercial buildings - without any government subsidies or taxes. More important, it will means lower utility bills for property owners and job creation in the hard hit construction industry.
Three members of Congress -- two Republicans and one Democrat -- joined for a press conference on Wednesday to promote The Property Assessed Clean Energy (PACE) program and urge the rest of Congress to join them.
The bipartisan group of members included Reps. Mike Thompson (D-St.Helena), Nan Hayworth (R-N.Y.), and Dan Lungren (R-Calif.) who introduced the PACE Protection Act of 2011. The PACE program is currently available in 28 states.