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F or decades, economic policy in most liberal democracies has been premised on two core beliefs: that free markets would maximize economic growth, and that we could address inequality through ...
Federally funded programs provided both women with a social safety net and employment in one of the nation’s poorest states, where nonprofits play a vital role in providing basic services like ...
The study from American University looked at Biden’s budget plan to increase the tax rate on dividends and capital gains from 20 percent to 39.6 percent and concluded that only…
The US Gini rating (after taxes and transfers [205]) puts it among those of less developed countries. The US is more unequal or on par with countries such as Mozambique, Peru, Cameroon, Guyana and Thailand. [203] Across Europe the ratio of post-tax income of the top 10% to that of the bottom 50% changed only slightly between the mid-1990s and 2019.
According to a working paper released by the Society for the Study of Economic Inequality entitled "Tax policy and income inequality in the U.S.,1978—2009: A decomposition approach," tax policy can either exacerbate or curtail economic inequality. This article argues that tax policy reforms passed under Republican administrations since 1979 ...
A 2021 survey of 1,422 members of the American Economic Association found that 78 percent of professional economists generally agreed with the statement: "Differences in economic outcomes between whites and blacks in the US are in large part due to the persistence of discriminatory norms and institutions." [3]
Rep. Ayanna Pressley will reintroduce H.R. 40, federal legislation to study reparations for slavery, on Wednesday as the Trump administration leads a wide-scale rollback of diversity, equity and ...
Selected economic variables related to wealth and income equality, comparing 1979, 2007, and 2015. Taxes on income derived from capital (e.g., financial assets, property and businesses) primarily affect higher income groups, who own the vast majority of capital.