CBO Finds Yawning Wealth Gap Continues, Highlights Congressional Imperative to Unrig Tax Code
October 03, 2024
October 03, 2024
WASHINGTON, Oct. 3 -- Sen. Sheldon Whitehouse, D-Rhode Island, chairman of the Senate Budget Committee, issued the following news release:
A new report by the Congressional Budget Office (CBO) found wealth inequality in the United States has widened significantly since 1989, as the rich have captured an even larger share of overall wealth. According to the latest data, the wealthiest 10 percent of families now control 60 percent of U.S. wealth, while the bottom half of families hold . . .
A new report by the Congressional Budget Office (CBO) found wealth inequality in the United States has widened significantly since 1989, as the rich have captured an even larger share of overall wealth. According to the latest data, the wealthiest 10 percent of families now control 60 percent of U.S. wealth, while the bottom half of families hold . . .