2006 Report on Asset Development

Posted by on August 25, 2006

New America Foundation Releases 2006 Assets Report

Designed to summarize and take stock of the current state of federal assets policy, especially as it affects the poor, this report reviews policy developments of the past year; examines the President?s budget proposals for Fiscal Year 2007 from an assets perspective; and offers a forecast of the assets policy issues that may be considered in Congress during the coming year.

Additionally, the report identifies $383.8 billion in current resources related to savings, asset building, and wealth creation that are included in the Bush Administration?s FY 2007 Budget. In total, the $383.8 billion represents a slight increase in budget spending over last year, but that is because tax expenditures related to asset building increased 0.5% ($1.9 billion), whereas discretionary funding for asset building, which generally supported programs targeted to lower-income persons, decreased by $608 million from last year.

http://www.newamerica.net/Download_Docs/pdfs/Doc_File_2916_1.pdf