Chairman Paulsen Opens Hearing on “Breaking Through the Regulatory Barrier: What Red Tape Means for the Innovation Economy”
Chairman Erik Paulsen delivered his opening statement for the Joint Economic Committee's hearing on "Breaking Through the Regulatory Barrier: What Red Tape Means for the Innovation Economy." In his remarks, Chairman Paulsen emphasized the importance of maintaining a dynamic approach to regulation th...
How the Innovation Economy Leads to Growth
The Joint Economic Committee, led by Chairman Erik Paulsen, R-Minn., held a hearing this week on “How the Innovation Economy Leads to Growth," examining how to sustain the newfound growth in the American economy by encouraging innovation.
Chairman Paulsen: Strong GDP Report Thanks to Strong Economic Policy
"Americans are better off today than they were 16 months ago: Business investment is strong, wages are growing, and disposable income is climbing thanks to tax reform and pro-growth policies."
Chairman Paulsen Opening Statement: Our Age of Invention Relies on Engines of Innovation
Chairman Erik Paulsen, R-Minn., opened today's Joint Economic Committee hearing on "How the Innovation Economy Leads to Growth" with an opening statement citing America's long tradition of pioneering cutting edge new solutions to old problems. His statement as prepared for delivery appears below:
Countdown to Tax Day #1: Higher Wages, More U.S. Jobs & Investment
TCJA lowered our corporate tax rate—which was the highest in the developed world—from 35 percent to 21 percent. TCJA also changed our outdated, uncompetitive worldwide tax system that encouraged American companies to shift or leave funds offshore to a territorial system that encourages investment in...
Countdown to Tax Day #2: Fairer Taxes
TCJA lowered taxes across the board but shifted a larger share of the tax burden to millionaires. While the individual tax relief remains in effect, millionaires will pay a larger share of federal taxes than they would without TCJA. The Joint Committee on Taxation (JCT) estimates that in 2019, taxpa...
Unleashing America’s Economic Potential
Chairman Erik Paulsen, R-Minn., presided over the Joint Economic Committee’s hearing, “Unleashing America’s Economic Potential,” on Wednesday. The hearing was an opportunity for the Committee to hear from economic experts about how recent reform efforts by Congress and the Administration have begun ...
Chairman Paulsen: "Are you better off today than you were 15 months ago?"
Speaking at an event on Capitol Hill sponsored by Americans for Tax Reform, Joint Economic Committee Chairman Erik Paulsen, R-Minn., highlighted the increasing growth and opportunity resulting from regulatory reform and the Tax Cuts and Jobs Act. The remarks, as prepared, appear below.
Chairman Erik Paulsen Delivers Opening Statement on "Unleashing America's Economic Potential"
WASHINGTON--Chairman Erik Paulsen, R-Minn., delivered his opening statement for the Joint Economic Committee's hearing on "Unleashing America's Economic Potential," in which he highlighted the economic growth that's transpired over the last 15 months and its relationship to the reduction of regulato...
Countdown to Tax Day #5: Lower Tax Rates Will Make Tax Day Less Taxing Next Year
TCJA lowered individual tax rates and applied the lower rates to broader swaths of income beginning in 2018. Additionally, taxpayers in the 10 percent bracket will have an effective tax rate of zero percent under TCJA due to a much higher standard deduction. Workers began seeing this tax relief in F...
