A map showing the change in median income by state since George W. Bush and his tax cuts for the rich came to Washington:
From the Detroit Free Press:
Democrats say the tax reductions have mainly benefited the wealthy and have contributed to a widening of the income gap.And that is the economic legacy that Mr. Bush wants to make permanent with his tax cuts.
They also contend the economic expansion has failed to help most workers, who have seen meager pay increases even as they face surging costs for essentials like gasoline and healthcare.
The income of U.S. households, adjusted for inflation, rose 1.1 percent to $46,326 in 2005, according to a Census Bureau report released last week. Despite the increase, income was down 0.5 percent compared with 2001, the year Bush took office.
No comments:
Post a Comment