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...
Chairman Paulsen Opens Hearing on "The Promise of Opportunity Zones"
WASHINGTON--Joint Economic Committee Chairman Erik Paulsen, R-Minn., delivered the following opening statement at a hearing entitled, "The Promise of Opportunity Zones."
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."
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 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 TCJA also changed our outdated, uncompetitive worldwide tax system that encouraged American companies to shift or leave funds offshore to a territorial system that encourages investment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...
Countdown to Tax Day #3: More Family Friendly
When taxpayers file taxes next year, they will see a child tax credit that has doubled from $1,000 to $2,000 per child. Up to $1,400 of each credit will be refundable, allowing those without tax liability to still claim the credit. The refundable portion will grow with inflation each year up to the ...
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.
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 ...