Friday, January 18, 2013
Center on Budget and Policy Priorities: The “Fiscal Cliff” Deal and Income Inequality:
Any evaluation of the recent “fiscal cliff” budget deal needs to consider its impact on one of the most powerful and troubling economic trends of recent decades: the sharp rise in income inequality. The deal shifts tax policy in a favorable direction by raising taxes on the nation’s highest-income people, but the increase is modest when compared to the effects of growing inequality. ...