Tag Archives: tax credits

States are on the front lines of fighting inequality

 

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Rally in support of raising the minimum wage in University City, Mo. AP Photo/Jeff Roberson

Christopher Witko, Pennsylvania State University

When Democrats regained control of the U.S. House of Representatives, Alexandria Ocasio-Cortez, D-N.Y., almost immediately took aim at America’s growing income inequality by recommending a 70 percent tax rate on income over US$10 million.

Income inequality refers to the unequal distribution of income between the rich and poor.

Inequality in the U.S. has dramatically increased since the 1970s, under both liberal and conservative administrations in Washington. And the kind of policy Ocasio-Cortez is proposing will be impossible to pass with the polarized politics in Washington D.C. Continue reading

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