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Congressman Nunes issued the following statement on passage of the Cut, Cap and Balance Act: "The Cut, Cap and Balance Act is not a perfect bill but it is certainly one that under any other circumstance would have garnered the unanimous support of conservatives across America. It contains a spending cap that would inoculate us against spending excess, while forcing budget reforms to ensure the fed... Read more »

A bill will be considered on the House Floor next week (final details pending). It will contain spending reforms in exchange for a debt limit increase. An overview of the plan is below. The Current Plan The current plan cuts total spending by $111 billion in FY 2012. The savings are divided as follows: reduce non-security discretionary spending below 2008 levels, which saves $76 billion; $35 billi... Read more »

For far too long, states and municipalities spent above their means, creating massive structural budget deficits. To pay for programs and other services, states and municipalities relied on the municipal bond market and, more importantly, the federal government. For instance, in 2010, local governments received more than $650 billion in federal funds. In 2011, federal funds to states has dropped p... Read more »

Recent media accounts confirm the findings of a report from the Joint Committee on Taxation (JCT): a majority of American households do not pay any federal income taxes. Almost incomprehensibly, significant numbers of both higher and lower earners are paying zero income tax. A recent Bloomberg article highlighted the fact that the “number of people who reported incomes of at least $200,000 and pai... Read more »

Today, Representative Devin Nunes (CA-21) announced the introduction of the Medicaid Improvement and State Empowerment Act. Companion legislation, S.1031, has been authored in the Senate by Senators Tom Coburn (OK), Richard Burr (NC), and Saxby Chambliss (GA). The Medicaid Improvement and State Empowerment Act will restore Medicaid’s mission and financial sustainability while empowering state lead... Read more »

“The American people want spending under control, which is largely why they took away the President’s blank check in November of 2010. It should come as no surprise to observers that I and a majority of my colleagues in the House will not support a “clean” debt limit increase. Nor will we be compelled into a compromise that ignores our nation’s structural budget problems on the basis of “chicken l... Read more »

Today, the House Ways and Means Committee Subcommittee on Oversight examined H.R. 567, the Public Employee Pension Transparency Act, and received testimony detailing the lack of transparency and serious funding challenges confronting state and local pensions. (watch the hearing online) “Today, public employee pensions are operating in the dark without meaningful transparency requirements and with ... Read more »

As debates heat up in states across the country over budget shortfalls, more and more focus is being placed upon the runaway growth in health and pension benefits for state and local government workers. These excessive benefits are a major factor behind the exploding costs of government in many states. It is time to bring these costs under control before they completely overwhelm state and local b... Read more »

Earlier today, President Obama delivered a speech on the deficit. Rep. Devin Nunes (R-CA) provided the following response: “The President’s remarks today suggest he is stuck in a time warp. He apparently doesn’t understand that elections have consequences. His proposal for the largest tax increase in American history is a non-starter and suggests a complete lack of understanding of our nation’s ec... Read more »