Bill Thomas, a former chairman of the House Ways and Means Committee, served in the U.S. House of Representatives from 1978 to 2007. During his six-year chairmanship, he guided the enactment of $2 trillion in tax relief, including the Economic Growth and Tax Reconciliation Act of 2001, which reduced all ordinary income tax rates; the Jobs and Growth Tax Reconciliation Act of 2003, which reduced the tax rate on dividends and capital gains; and the Job Creation Act of 2004, which provided significant reforms for corporate tax policy.
Member, U.S. House of Representatives, 1979-2007
Chairman, House Ways and Means Committee, 2001-2007
Chairman, House Administration Committee, 1995-2001
Cochairman, National Bipartisan Commission on the Future of Medicare, 1998-99
Member, California State Assembly, 1974-79
Professor, Political Science, Bakersfield College, 1965-74
M.A., B.A., political science and history, San Francisco State University
As the trade agenda returns to the headlines, it is important to remember that there is both good news and bad news in the world of U.S. trade. And the shorthand for the division between the two is the difference between policy and politics.
This primer contains preliminary findings and conclusions released by Vice Chairman Bill Thomas, Commissioner Keith Hennessey, Commissioner Douglas Holtz-Eakin, and Commissioner Peter J. Wallison, and represents a portion of the findings and conclusions resulting from their work on the FCIC.