Press Releases
Washington – Today, Reps. Mike Thompson (CA-05) and Paul Cook (CA-08) introduced the Earthquake Mitigation Incentive and Tax Parity Act of 2017 to exclude incentives for residential seismic retrofits from federal taxation. These earthquake mitigation measures are already tax-free at the state level in California.
Washington – Today, Rep. Mike Thompson (CA-05) joined Vice President Joe Biden and House Democrats in a press conference to highlight the impact and success of the Affordable Care Act. Seven years ago today, President Barack Obama signed the landmark healthcare bill into law, giving more than 20 million previously uninsured Americans access to the care they need and deserve.
Washington – Today, Rep. Mike Thompson (CA-05) called for improvements to low-income housing tax credits, which encourage property owners and private investors to invest in affordable housing. Tax credits are awarded to developers, who then use them for affordable housing projects that otherwise would not be profitable because of low rents. Thompson cosponsored the Affordable Housing Credit Improvement Act of 2017, which reforms these credits to increase access to affordable housing.
Washington – Today, Rep. Mike Thompson (CA-05)—senior Member on the House Tax Subcommittee—released the following statement on the President's budget for fiscal year 2018:
"American families deserve a budget that prioritizes their health, safety, and well-being. Unfortunately, the President's budget outline slashes funding for medical research, affordable housing, infrastructure, disaster relief, and so much more.
Washington – Today, U.S. Reps. Mike Thompson (CA-05) and Anna Eshoo (CA-18) reintroduced the Fair Access to Health Care Act, legislation to expand the eligibility for premium tax credits for people living in high-cost areas who purchase health insurance through the federal and state exchanges set up by the Affordable Care Act (ACA).
Washington – Today, the nonpartisan Congressional Budget Office (CBO) released its official score of the Republicans' Affordable Care Act (ACA) repeal. According to their analysis, 24 million Americans could lose their health insurance by 2026 if the Republicans push forward with their reckless repeal. Rep. Mike Thompson (CA-05) released the following statement:
Washington – Today, Rep. Mike Thompson (CA-05) and nearly two hundred Democrats introduced a bill to prevent the President from banning refugees and Muslims from entering the country. Thompson is an original cosponsor of the Statue of Liberty Values Act 2.0 (SOLVE Act 2.0), which defunds the President's Executive Order and states that it will have no effect.
Washington – Today, Republicans pushed their Affordable Care Act (ACA) repeal bill through the Committee on Ways and Means without proper review from the nonpartisan Congressional Budget Office (CBO). Outside estimates have projected that a repeal of the ACA would result in roughly 3 million jobs lost--including nearly 350,000 in California--and millions more Americans losing their health insurance while also adding more than $600 billion to the national debt. Rep. Mike Thompson (CA-05) released the following statement against the bill:
Washington – Today, Rep. Mike Thompson (CA-05) introduced an amendment at the Committee on Ways and Means to allow states to keep their existing healthcare system rather than repeal it. It would provide states the option to retain their existing marketplaces, benefit protections, and cost sharing and premium subsidies under the Affordable Care Act (ACA). Republicans rejected the proposal.
Washington – Today, Rep. Mike Thompson (CA-05) released the following statement about the President's executive order banning Muslims and refugees from entering the United States:
