Jason Furman

In 2018, the DCCC successfully perpetrated the myth of the Blue Wave. That kind of p.r. is part of their job. The problem is, they believed it. And the results reinforced that mightily. There were 41 seats that flipped from red to blue. In 2016, the House Dems hadn't done badly. Even with an apparent Trump victory, they had managed to flip 6 seats and they increased their national congressional vote margin by 2.5%.

Thirty years have passed since America’s last major tax reform, and any attempt at an encore will face huge policy and political hurdles. That was the blunt overview from Jason Furman, chairman of President Obama’s Council of Economic Advisors, in a speech early this year.