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 »
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 »
Medium.com America is renowned as a startup nation. The American people have always encouraged and admired daring entrepreneurs who — through ingenuity, courage, and determination — create something out of nothing. These are the brave men and women who begin with an idea for an innovation and then start a new business that transforms their vision into reality. Considering the risk involved in crea... Read more »
Congressman Devin Nunes (CA-22), a member of the Ways and Means Committee, introduced a bill in the House of Representatives today that would overhaul the system for taxing businesses. Supported by twenty-six cosponsors, the American Business Competitiveness Act (ABC Act) would drastically simplify the business tax code by eliminating the income tax on businesses and replacing it with a cash flow ... Read more »
I have developed a tax reform proposal that would make it far easier for people to start up, operate, and expand their own business. The Hill recently published an analysis of my plan, which you can read here. Read more »
I am currently working to organize the House Permanent Select Committee on Intelligence. Two articles were recently published discussing my plans and goals as the committee’s chairman. You can read them here and here. Separately, two articles also appeared on my tax reform proposal. You can read those here and here. Read more »
We learned this week that Burger King will buy a Canadian restaurant chain and open a headquarters for the new, merged company in Toronto, a move that may allow the fast-food giant to lower its tax burden. The announcement sparked denunciations of Burger King and threats of boycotts – the same response that apparently caused Walgreens to stop considering a similar move abroad. The White House is ... Read more »
National Review Online President Obama recently offered Republicans a “grand bargain” — lowering the corporate tax rate, apparently from 35 to 28 percent, and closing some loopholes in return for new “investments” in jobs. The economy unquestionably needs help. Unemployment is 7.6 percent and economic growth is stuck below 2 percent. But the president is offering an inadequate reform in exchange f... Read more »
In the House of Representatives today, Republican Devin Nunes (CA-22) and Democrat Ron Kind (WI-03) introduced the Charitable Agricultural Research Act (H.R. 2671), which would provide a tax exemption for agricultural research. Senators John Thune (R-SD) and Debbie Stabenow (D-MI) are introducing a companion bill in the Senate. In order to spur private-sector funding for research and innovation i... Read more »
Photo Credit Lori Lowenthal Marcus.jpg Congress’ Ways and Means Committee held a hearing today with acting IRS Commissioner Steven Miller to investigate IRS abuses against conservative groups. One of the revelations concerned a question that IRS official Lois Lerner was asked during her May 10 appearance on a conference panel. In response to a question from Celia Roady, who was sitting in the aud... Read more »
