Rep. Erik Paulsen (R-Minn.) is taking another swing at repealing the medical device tax. Repealing the 2.3 percent tax – which affects X-ray machines, MRI equipment, and other medical devices that large medical institutions purchase – has been Paulsen’s goal since at least 2010, when he introduced the earliest version of his repeal plan. In … Continue reading Paulsen Taking Another Swing At the Medical Device Tax
Speaking before the Joint Economic Committee on Wednesday, Erik Paulsen (R-Minn.) reiterated his support for the Republican tax plan that was approved last year. “Consumer confidence is up, Americans are seeing more take-home pay, many will spend less time preparing their taxes next year, and businesses are paying special bonuses, giving their employees a raise, … Continue reading When Will Paulsen Stop Touting The Terrible GOP Tax Bill?
Reps. Erik Paulsen (R.-Minn.) and Jackie Walorski (R-Ind.), both of whom sit on the influential House Ways and Means Committee, introduced a bill last month to extend the temporary ban on the medical device tax for five years. The tax places a 2.3 percent sales tax on gross receipts for medical devices like X-ray and MRI … Continue reading Repealing The Medical Device Tax Could Lead To $20 Billion Budget Shortfall
In their first major victory of the year, the Republicans' tax cut bill was passed in both houses of Congress Wednesday along a party-line vote. The president signed the bill Friday morning before heading to Mar-a-Lago, his Florida resort. Rep. Erik Paulsen (R-Minn.) has touted the tax bill as a “once-in-a-generation” achievement. Indeed, it is … Continue reading The Paulsen Tax Cuts Are For The Ultra-rich, Not The Middle Class
Under the guise of “tax reform” legislation, the Senate voted Saturday to pass a massive suite of tax cuts for corporations and the 1 percent. Rep. Erik Paulsen (R-Minn.) took a leading role in developing the House version of this tax bill, which eliminates deductions for medical expenses, state and local sales and income taxes, … Continue reading Edina Seniors Oppose The Paulsen Tax Bill
The Republican tax cut bill passed by the House and by the Senate Finance Committee is, as I’ve written elsewhere, especially generous toward corporations. The corporate tax rate will fall from 35 to 20 percent, and businesses are expected to save $1 trillion over the coming decade. Among the big winners in Minnesota are the … Continue reading Erik Paulsen Saves His Corporate Donors Millions Through Tax Cuts
This week, the House released the text of its tax reform bill, the Tax Cuts and Jobs Act. Rep. Erik Paulsen (R-Minn.), who helped craft the bill, has come out in full support of it, calling it a “Once-in-a-Generation” opportunity in a press release and defending it vigorously in an op-ed published in the Eden … Continue reading Paulsen Psyched About Tax Cuts; Average Americans, Not So Much