Congressman Devin Nunes (CA-22) released the following statement today after joining the executive committee of Donald Trump’s transition team: “Today I was honored to have been named to the executive committee of President-elect Donald Trump's transition team. In this role, I will advise President-elect Trump on the appointments of his Cabinet members and on appointments to other top positions in the new administration. I look forward to helping to assemble an energetic and forward-looking team...
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Governor Jerry Brown on Wednesday vetoed a bill to strengthen the California legislature's oversight of high-speed rail. The measure, introduced by Assemblyman Jim Patterson from Fresno, would have simply required the High-Speed Rail Authority to provide more information on the cost and schedule for each planned segment of the high-speed rail system. The provision of this information had been recommended by the Legislative Analyst's Office. It's no surprise that Governor Brown would resist atte...
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Congressman Devin Nunes (CA-22) issued the following statement today after House Republicans released their tax reform blueprint: “This is a really bold and aggressive plan that would essentially junk the current tax code and scrap the IRS as we know it. Measures like full expensing for business investment and the move toward a territorial tax system are exactly what the U.S. needs to create jobs, encourage start-up businesses, end the exodus of U.S. companies abroad, and regain our competitive ...
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Puerto Rico is struggling with a fiscal crisis stemming, to a large degree, from its unfunded pension liabilities of $46 billion. Unable to cope with this disaster, Puerto Rico's governor signed a bill allowing his government to stop paying its debt. He also declared a state of emergency at the Government Development Bank in hopes of preserving essential government services. The results of these catastrophic pension debts should serve as a warning in the mainland United States, where state and ...
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Congressman Devin Nunes (CA-22) today introduced a bill in the House of Representatives to encourage transparency in state and local pension systems and to prevent federal bailouts of insolvent pension plans. State and local pension systems may seem fiscally secure, but that is often a façade created by assuming unrealistic rates of returns on investments and by using other accounting tricks. In fact, a forthcoming report from Stanford Professor of Finance Joshua Rauh estimates that the fiscal h...
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Congressman Devin Nunes (CA-22) today issued the following statement announcing his intention to remain Chairman of the House Permanent Select Committee on Intelligence: “I am honored to have been asked by the new Speaker of the House, Paul Ryan, to continue serving as Chairman of the House Intelligence Committee. Our nation faces unprecedented global threats ranging from the growing risk of deadly terrorism to debilitating cyber-attacks, and the Intelligence Community’s response to these threat...
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On Thursday President Obama vetoed the National Defense Authorization Act (NDAA), which funds the American military. There was strong bipartisan support for the bill, which passed the House of Representatives on a 270-156 vote and was approved in the Senate on an even more lopsided vote of 70-27. Because of the obvious importance of funding our military, a presidential veto of the NDAA is rare – it’s only happened four times before. It is especially unusual this year because the bill’s funding ...
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I will be appearing tomorrow on ABC’s Sunday morning news show This Week. The show airs from 9:00 am to 10:00 am PST in most Central Valley locations. For a full list of local air times, click here, scroll to the map of the United States at the bottom of the page, and click on your state.
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As Greece prepares to enter another round of seemingly endless negotiations with its creditors, it’s a good time to consider how the cradle of Western civilization became a bankrupt and broken nation. While its adoption of the Euro has clearly damaged Greece’s ability to respond to its various crises, the core problem is that the Greek government ran up hidden, unsustainable debts. It turned to international creditors for a series of bailouts and had to adopt austerity measures such as higher t...
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I was back in the Valley this week, where I enjoyed having a townhall meeting with around a hundred Cigna employees who discussed ObamaCare, jobs, water, and other issues with me. Hundreds of Cigna jobs in Visalia had been jeopardized by ObamaCare regulations that put U.S. insurers at a disadvantage with foreign-based companies in issuing health plans for Americans living overseas. However, a bipartisan group of House members passed a law I co-authored to cancel those regulations, and the cance...
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