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Income Inequality Hits Record Levels, New CBO Data Show
Incomes Rose $180,000 for Top 1 Percent in 2005 But Just $400 for Middle-Income Households
Real after-tax incomes jumped by an average of nearly $180,000 for the top 1 percent of households in 2005, while rising just $400 for middle-income households and $200 for lowerincome households, according to new data from the Congressional Budget Office.
In the Spotlight
March 25, 2016
What now, after the Supreme Court stay?
The Supreme Court in February 2016 issued a "stay," or a temporary suspension, of the Clean Power Plan while a lower court reviews this legal challenge. This situation raises many questions.