Washington, Feb. 2 -- Rep. Mike Thompson issued the following press release:
Today, Rep. Mike Thompson (CA-04), Ranking Member of the House Ways and Means Subcommittee on Tax, announced legislation to prevent a sitting president from profiting from lawsuits against the United States government.
"President Trump continues to use the Office of the Presidency for personal gain, including by suing the federal government to line his own pockets. That's unacceptable," said Thompson. "That is why I am introducing legislation that ensures if a sitting president sues our government while in office, they get taxed 100 percent on any money paid to them through a trial or settlement.
"The President holds immense responsibility and influence. It is u...