Taxes

Nunes Introduces Bill to End Capital Gains Taxes on Inflation

| Posted in Press Releases
Tags: Taxes

Congressman Devin Nunes (CA-22) has introduced a bill in the House of Representatives to eliminate capital gains taxes on inflation. By ending this unfair tax, the Capital Gains Inflation Relief Act (H.R 6444) will encourage both individual and business investment that will expand the economy and create jobs. “This bill will continue the tax-cutting trend that began with the tax relief bill last y... Read more »

Russia investigation, bin Laden documents, and tax reform: this week's interviews

| Posted in Nunes Blog

On Monday, I spoke to KMJ's Ray Appleton about a wide variety of local and national issues. To listen to the interview click here. On Wednesday I appeared on Special Report with Bret Baier to discuss the House Intelligence Committee's Russia investigation, the need to declassify the documents captured in the raid that killed Osama bin Laden, and tax reform. Click here to watch the interview. On Th... Read more »

Nunes Named to Trump Transition Team

| Posted in Press Releases

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... Read more »

A radical reform to kickstart the economy

| Posted in Nunes Blog

The economy grew by just 1.2 percent in the second quarter, the Commerce Department announced today, while first quarter growth was revised downward to 0.8 percent. With our unrivalled workforce and abiding entrepreneurial spirit, America can do so much better than this. And the starting point for sparking economic growth is no secret – we need to radically reform our convoluted and unfair tax sy... Read more »

Nunes Comments on GOP Tax Reform Blueprint

| Posted in Press Releases

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,... Read more »

Ripping up the tax code

| Posted in Nunes Blog
Tags: Taxes

A recent survey of more than 500 CEOs ranked California dead last out of all fifty states for its taxation and regulation policies. This will probably come as no surprise to most Californians, who have watched a growing parade of frustrated businesses pack up their jobs and move elsewhere in recent years. Sacramento needs to let people get back to work by passing drastic reforms that make it easi... Read more »

Alert: Avoid phone scammers this tax season

| Posted in Nunes Blog
Tags: Taxes

I'd like to warn you about a series of scams my constituents have reported to my office. Seeking to exploit the tax filing season, scammers are impersonating IRS agents or other government officials to cheat people out of their money or obtain personal information like social security numbers. The scams take various forms, but one of the most common is that a scammer calls people, declares that t... Read more »

Overhauling taxes and State of the Union response

| Posted in Nunes Blog

This week I introduced in the House of Representatives a bill—the American Business Competitiveness Act (ABC Act)—that will reform the business tax code. Actually, my bill doesn't reform the code as much as it totally abolishes it and replaces it with some clear, simple rules that everyday, small-business owners can actually understand without help from accountants and lawyers. A key feature of t... Read more »

Scrapping the business tax code

| Posted in Nunes Blog

Today I introduced a bill to overhaul the way businesses are taxed. It would drastically simplify taxes, encourage startups, and create a level playing field for small businesses to compete with bigger firms. The Wall Street Journal covered it here. Read more »