Daily Tax Update - June 10, 2013: President Nominates Furman as Top Economic Adviser

President Nominates Furman as Top Economic Adviser:  President Obama has nominated Jason Furman as Chairman of the Council of Economic Advisers.

In remarks today, the President said, “Jason Furman is one of the most brilliant minds of his generation. . . .  From working at the World Bank on issues of inequality and international finance to developing new proposals to strengthen our health and retirement programs, he helped shape some of our most important economic policy debates.”  The President added, “And over the last five years I’ve come to trust not only his head, but also his heart, because Jason never forgets who it is that we’re fighting for:  middle-class families, folks who are working hard to climb their way into the middle class, the next generation.  And when the stakes are highest, there's no one I'd rather turn to for straightforward, unvarnished advice that helps me to do my job.  He understands all sides of an argument, not just one side of it.  He's worked tirelessly on just about every major economic challenge of the past four and a half years, from averting a second depression, to fighting for tax cuts that help millions of working families make ends meet, to creating new incentives for businesses to hire, to reducing our deficits in a balanced way that benefits the middle class.”  Furman must be confirmed by the Senate.