Chairman Paulsen Statement on May Jobs Numbers
"Not only has unemployment dropped to the lowest rate in 18 years, people in the private sector are finally earning more. With nearly one million jobs created since tax reform, we are seeing the positive results of strong economic policy-which is exactly why we should not risk harmful tariffs that c...
Paulsen on Administration's Action on Steel and Aluminum: Tariffs Hurt Our Economic Progress
Chairman Paulsen: Tariffs Against China Will Harm American Jobs and Consumers
“While China must address its failure to protect U.S. intellectual property, these tariffs are not an effective response because it will harm American jobs and consumers. Our economy is seeing measurable gains thanks to pro-growth policies like the Tax Cuts & Jobs Act. GDP has grown an average of 2....
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...