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 year,” said Rep. Nunes. “This is a common-sense reform that will remove an unjust tax, contribute to ...
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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 Thursday I gave a press conference about the Intelligence Committee's Russia investigation. Click here...
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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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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 system that makes it so hard to start up a business, run a small business, and expand virtually any bu...
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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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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 easier to start up, operate, and expand businesses. In Congress, I introduced a tax reform bill that wou...
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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 they have an outstanding tax bill, and demands immediate payment over the phone, often threatening so...
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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 the bill is that it eliminates all the loopholes and special deals that riddle the business tax code....
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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.
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