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September 28, 2010

Income Gap Between Richest and Poorest Widens to New Record
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Newly released Census data shows the income gap between the richest and
poorest Americans grew last year to its widest amount on record. The top
earning 20 percent of Americans received more than 49 percent of all
income generated in the country in 2009. The income gap has nearly
doubled since 1968. The US has the greatest income disparity among
Western industrialized nations. Despite the growing income gap, Senate
Democrats last week put off a vote on whether to repeal President Bush’s
tax cuts for the wealthy until after the midterm election. A recent
Associated Press poll found that 54 percent of Americans support raising
taxes on the highest US earners.



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