A new report shows that the income gap between rich and poor in America is at an eight-decade high — the largest differential since the period immediately preceding the Great Depression. And economists fear that the education and job-creation programs that could bridge this gap are lacking in the More…
A new ABC News poll shows that 45 percent of Americans consider themselves middle class, a significant difference from other polls that find when asked unprompted, 80 percent of Americans self-identify as middle class. The difference: ABC asked people to identify as middle, working or upper-middle More…
As part of his proposed health care reform plan, Obama envisions two new tax increases: one on non-wage income for individuals making over $200,000 a year and families making over $250,000 a year; and another, an additional Medicare assessment, on earned income for the same group. The proposal takes on More…
ANCHORAGE, Alaska — On the campaign trail over the past two weeks, Alaska Gov. Sarah Palin has been courting the working-class vote.
“I know what Americans are going through,” she said after the stock markets took another dive last week. “Todd and I, heck, we’re going through that right now More…
Political pop quiz: What could be more important in this race than that combative, buzz-driving VP debate?
Well, the new job loss figures are in. For the ninth straight month, U.S. jobs are down — this time by 159,000. “The decline in non-farm employment was the steepest in five More…
Daniel Gross at Slate checks in with a timely piece reminding us that people earn $250,000 or so a year are, in fact, rich. Gross feels the need to explain this because of the backlash over Democratic presidential nominee Barack Obama’s tax plan, which calls for scaling back tax More…
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