Press Releases | Budget, Taxes, and Public Investment

News from EPI Employment during the economic recovery

For Immediate Release: Wednesday, August 10, 2011
Contact: Phoebe Silag or Karen Conner, 202-775-8810

Highest-income households can afford to pay more in taxes

Today’s Snapshot illustrates that the middle 20% of households have seen their share of total national income slide from 16.5% to 14.1%. Instead of pushing back against widening income inequality, recent tax policies have actually compounded this trend: the 1% of households with the highest incomes benefited disproportionately from the Bush-era tax cuts, reaping 38% of the total benefit, while the middle 20% of households received only 11%.  Click here for full analysis and graphic.