{"database": "press", "table": "releases", "rows": [["https://thompson.house.gov/media-center/press-releases/thompson-supports-tax-overhaul", "Thompson Supports Tax Overhaul", "2017-12-19", "2017", "2017-12", "Republican", "House", "PA", "Glenn Thompson", "T000467", "thompson.house.gov", "thompson", "https://thompson.house.gov/media-center/press-releases", "scraper", "Legislation maintains important education provisions, significantly increases standard deduction for individuals, families\n\nWASHINGTON \u2013 Today, the U.S. House of Representatives passed the Conference Report to accompany H.R. 1, The Tax Cuts and Jobs Act, produced by the bicameral Tax Conference Committee.\n\nU.S. Representative Glenn \u2018GT\u2019 Thompson(PA-05) voted in favor of the bill, which passed the House by a vote of 227 to 203. Earlier in the morning, Rep. Thompsonspoke on the House floor in support of the measure.\n\nUpon approval by both the House and Senate, the legislation will be sent to President Donald J. Trump for his signature and will become law, taking effect January 1, 2018.\n\nRep. Thompson released the following statement:\n\n\u201cI am proud to support this long-overdue tax reform that will bring immediate relief to American taxpayers across the board, families and businesses around the nation. For the first time since 1986, we are challenging the status quo and simplifying the tax code. Under this final legislation, low- and middle-income families, who have been struggling for a long time, will see their tax burden lowered, by nearly doubling the standard deduction.\n\n\u201cAs it pertains to the Fifth Congressional District, according to the IRS, the 18 percent of taxpayers who choose to itemize on average about $21,000 in deductions. The bill will automatically allow for a $24,000 standard deduction \u2013 up from $12,700 \u2013 for those filing jointly. That\u2019s nearly 82 percent of the taxpayers in the 5th District. This proposal truly strives to help families keep more of their hard-earned paychecks.\n\n\u201cI also am also pleased that the final legislation maintains current tax preferences for education assistance. Specifically, the bill maintains the deduction for student loan interest payments and graduate tuition waiver exemptions for working students. I \u2013 and many of my colleagues \u2013 urged the Conference Committee to keep these provisions intact.\n\n\u201cI encourage my Senate colleagues to act swiftly, pass the bill and send it to the President\u2019s desk for his signature.\u201d\n\nHIGHLIGHTS OF H.R. 1\n\nBENEFITS FOR ALL FAMILIES\n\n\u00b7 Lowers individual tax rates across the board\n\n\u00b7 Individual/Joint Filer Deduction nearly doubling\n\n\u00b7 Continues to allow people to write off the cost of state and local taxes\n\n\u00b7 Child Tax Credit Expansion\n\n\u00b7 Education\n\n\u00b7 Obamacare individual mandate repeal\n\n\u00b7 Medical Expensing Write Offs\n\nBENEFITS FOR EVERY TYPE OF BUSINESS\n\n\u00b7 Lowers the corporate tax rate to 21% (beginning Jan. 1, 2018) \u2013 down from 35%\n\n\u00b7 Offering a first-ever 20% tax deduction that applies to the first $315,000 of joint income for Main Street Businesses.\n\n\u00b7 Allows businesses to immediately write off the full cost of new equipment, removing a cumbersome depreciation regime.\n\n\u00b7 Protects the ability of small businesses to write off interest on loans.\n\n\u00b7 Modernizes our international tax system, making it easier for businesses to bring home foreign earnings and invest in America.", 1, "2026-03-30T01:40:41Z", "2026-04-08T22:19:19Z"]], "columns": ["url", "title", "date", "year", "month", "party", "chamber", "state", "member_name", "bioguide_id", "domain", "scraper", "source", "date_source", "text", "has_text", "collected_at", "updated_at"], "primary_keys": ["url"], "primary_key_values": ["https://thompson.house.gov/media-center/press-releases/thompson-supports-tax-overhaul"], "units": {}, "query_ms": 0.709442887455225, "source": "dwillis/congress-press", "source_url": "https://github.com/dwillis/congress-press", "license": "MIT", "license_url": "https://github.com/dwillis/congress-press/blob/main/LICENSE"}