Elected officials love to talk about expanding opportunity in America, but few do anything about it. And in a recent report I found that spending for those federal programs that do aim to promote opportunity for all, such as work incentives and support for education, are on a path to shrink as a share of government resources.
In the budget he plans to release tomorrow, President Obama will propose some modest changes to the Affordable Care Act’s much-reviled Cadillac Tax on high-cost employer sponsored health plans. In advance of the proposal, Jason Furman, Chair of the president’s Council of Economic Advisers,
For years, Congress has struggled with what to do with scores of temporary tax breaks that have come to be known as the “tax extenders .” The usual resolution: Lawmakers fiddle for months. Then, sometime in December, they mindlessly continue the immortal mostly-business tax breaks for another year