Being elderly isn't the same thing as being poor. States should consider whether their tax policies reflect that fact. |
It shows it can be done. |
It's a gully across the country, but in Texas it's like a deep canyon. |
It's against the U.S. way if all the benefits of a growing U.S. economy go to those at the top. |
Once large numbers of baby boomers start retiring and begin to benefit from these tax breaks, they'll become not just more expensive, but also more difficult politically to modify. |
The biggest thing is the decline in wages for the low and moderate income people. Part of it is large periods of higher than average unemployment, globalization ? jobs going overseas ? the shift from manufacturing jobs to lower paying service sector jobs, immigration, the weakening of unions, and the fact that the federal minimum wage has been declining relative to inflation. |
What we found is that inequality is growing across the country. |