When President Barack Obama dropped by Lawrence Summers’s going-away party in 2010, he presented his National Economic Council director with a pair of suspenders, a gag gift to help Summers hold up his perpetually sagging trousers.
President Barack Obama plans to nominate Jason Furman, a Harvard-trained economist who’s also well-schooled in White House staff rivalries, to replace Alan Krueger as the head of the Council of Economic Advisers, according to two people familiar with the matter.
Limits on income tax deductions could raise a lot of money, as I've said -- perhaps more than $1 trillion over 10 years -- in a way that also makes the tax code much more progressive. Now come Jason Furman and Gene Sperling, two of President Barack Obama's top economic advisers, to say they would raise much less. But that's because they impose unwise restrictions on the new cap.
Obama administration officials are rejecting the idea of making major changes to Social Security as part of a debate over reining in the national debt, a stance that’s drawing protests from deficit-cutting advocates.
President Barack Obama is promoting a “Buffett rule” setting a minimum tax rate for top earners to ensure they pay a higher percentage of their income than middle- class families. For the most part, they already do.
President Barack Obama ’s budget will include $10.7 billion to build a nationwide wireless network for emergency workers and $5 billion to help Americans get mobile access to high-speed Internet service.
President Barack Obama campaigned in 2008 on tax cuts for most Americans and tax increases for the fortunate few. He has delivered on the breaks and, for the most part, been unable to follow through on attempts to raise taxes.