Search Form
First, enter a politician or zip code
Now, choose a category

Public Statements

Rep. Mike Thompson Statement on JCT Report Showing GOP Tax Plan Does Not Add Up `

Press Release

Location: Napa, CA

U.S. Rep. Mike Thompson (CA-1), a senior member of the House Committee on Ways and Means today released the following statement after a new Joint Committee on Taxation report showed that eliminating all of the itemized deductions in the tax code would only generate enough savings to reduce marginal tax rates by only 4 percent.

The report highlights how the House Majority's tax plan -- which calls for much deeper cuts in tax rates, to be offset by eliminating or reducing tax expenditures -- would end up either harming middle- and lower-income families or blowing an even deeper hole in the deficit.

Thompson: "The Republicans' tax plan simply does not add up. The nonpartisan congressional tax scorekeepers have run the numbers and it shows there are only two ways their plan can work: it will raise taxes on middle class families, or it will further explode the deficit. Neither option is acceptable. We need a tax reform plan that is balanced, focused on job creation, makes smart cuts and asks everyone to pay their fair share."

Skip to top

Help us stay free for all your Fellow Americans

Just $5 from everyone reading this would do it.

Back to top