news

Today, Congressman Devin Nunes (CA-21) and Senator Richard Burr (NC) announced the House introduction of the Public Employee Pension Transparency Act. Companion legislation will be introduced in the Senate next week. The legislation introduced in the House today was first introduced by Representative Nunes in December. It provides enhanced transparency for state and local pensions and establishes ... Read more »

We're so accustomed to misnamed legislation like the Employee Free Choice Act (card check) that it's hard to believe that a welcome proposal called the Public Employee Pension Transparency Act describes what it actually purports to do. To wit, prohibit public pension bailouts by the federal government and expose the $3.5 trillion of unfunded public pension liabilities that local and state governme... Read more »

Today, Representative Devin Nunes (R-CA), Rep. Paul Ryan (R-WI), and Rep. Darrell Issa (R-CA) introduced the Public Employee Pension Transparency Act (text available here). The bill, which provides enhanced transparency for state and local pensions, also establishes a clear federal prohibition on any future public pension bailouts by the federal government. “As we speak, lucrative pension promises... Read more »

Over the past few years, we’ve witnessed the state government’s response to the capital and entrepreneurial flight from our state: Taxes re­main high, and lawmakers em­ploy all the tricks in the book to produce “balanced” budgets from shifting expenses around to bor­rowing ever larger sums of mon­ey. In this edition of the Washington Report, I outline a plan that would restore California’s economi... Read more »

Today, President Barack Obama released his 2011 federal budget. At a total cost of $3.8 trillion, the Obama plan adds $1.6 trillion to the national debt. This reckless level of deficit spending comes despite $2 trillion in proposed tax increases. In his budget, the President has shelved the Success Dam seismic safety project. For 2011, the project will receive only $500,000 – barely enough to keep... Read more »

Today, House Budget Committee Republicans offered Rep. Devin Nunes’ earmark reform amendment to the 2010 Federal Budget. “What we are talking about here is common sense reform. Transparency, accountability and limits – that is basically what I offered. This isn’t rocket science. I can’t understand why anyone would vote no and I am pretty sure the American people aren’t going to forget who they are... Read more »

Rep. Devin Nunes (R-CA) released the following statement concerning House passage of H.R. 1, the Democrat leadership’s $850 billion stimulus bill: “The spending spree continues. This Congress has no concept of fiscal restraint. As families across America tighten their belts, Democrats in Congress are trying to slip the renovation of malls and the funding of art shows into a stimulus bill. It will ... Read more »

Taxpayers across America are preparing to file their 2007 tax returns. Many are finding that they owe the federal government money and even more are questioning whether or not the growth in federal spending, which reached $2.6 trillion in 2007, is in our national interest. The threat of tax increases and economic insecurity have resulted in a tightening of belts across America, but not in Washingt... Read more »