Press Release
Posted:
Washington – Today, Ranking Member of the Ways & Means Subcommittee on Tax, Rep. Mike Thompson (CA-04), released the following statement on House Republicans’ passage of their reconciliation bill:
“Congressional Republicans’ reconciliation bill gives tax breaks to their billionaire donors like Musk. Simply put, it’s a bad deal for the American people.
“My Republican colleagues have offset the cost of their huge tax breaks for the wealthy by stripping health care away from nearly 14 million Americans, taking food assistance from 9 million people, and cutting green energy investments responsible for our manufacturing boom.
“Make no mistake: non-partisan experts agree that this bill will disproportionately benefit the wealthiest Americans while leaving the hardworking middle class behind — all while adding $4.3 trillion to our national debt.
“We have a responsibility as members of Congress to work for everyone, not just the well-off and well connected. My colleagues on the other side of the aisle ought to be ashamed.”
The bill passed the House of Representatives 215-214. Every Democrat and two Republicans voted "No." Watch Rep. Thompson's speech on the House floor here.