States pursue tax cuts as wealth gap widens
Lawmakers in many states pursue income tax cuts and reduced unemployment benefits to spur growth. The moves may ease costs for the affluent while eroding safety nets for the poor, fueling a national concern over the growing gap between the richest and everyone else. Economists cite foreign competition and rising single-parent households among factors.
MENTIONED IN THIS ARTICLE
Jefferson City
U.S
New York
Oklahoma
Matthew Gardner
Institute On Taxation and Economic Policy
America
Middle class shrinking amid tax cuts and safety-net cuts
A Missouri resident voices hardship as lawmakers cut the top income tax rate from 6 to 5.5 percent and push a sales tax rise, while safety programs shrink. Experts note rising poverty risk and a widening income gap since the 1980s.
MENTIONED IN THIS ARTICLE
Vermont
Maryland
Wyoming
Amy Jennewein
Missouri Capitol
Four state policy levers shaping the US wealth gap
An analysis shows state actions raise or lower the wealth gap through income and sales taxes, minimum wage, welfare reforms, and unemployment benefits. States have cut top income tax rates since the 1970s, expanded sales taxes, and varied welfare and jobless benefits, widening disparities.
MENTIONED IN THIS ARTICLE
Ing
Associated Press
Wal-Mart Faces Hurdles as Shoppers Change Habits
Wal-Mart Stores Inc, led by CEO Doug McMillon, faces slower U.S. same store sales as shoppers shift to online retailers and value messages. The retailer expands small formats and online grocery while boosting price comparisons and a Savings Catcher program to retain low income customers.
MENTIONED IN THIS ARTICLE
Wal-Mart
Wal-Mart Stores Inc
Wal- Mart
U.S
Amazon.com
Dollar Stores
Doug McMillon
Wal
Associated Press
Bill Simon
Simon
America
C. Britt Beemer
Kantar
New Hampshire
Massachusetts
Dollar General
Staples
Amazon
Walmart.com
Wal-Mart Express
Also Mentioned on This Page
University City
Jennewein
St. Louis
House Springs
Missouri
Mark Rank
Washington University
Rank
Jack Lonsinger
Kansas City
Mike Kehoe
Nonpartisan
Congressional Research Service
Connecticut
Hawaii
Anne D’innocenzio
Bentonville
Ark
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