Top Earners Doubled Share of Nation’s Income, Study Finds
By ROBERT PEAR
Published: October 25, 2011
WASHINGTON — The top 1 percent of earners more than doubled their share of the nation’s income over the last three decades, the Congressional Budget Office said Tuesday, in a new report likely to figure prominently in the escalating political fight over how to revive the economy, create jobs and lower the federal debt.
Hans Pennink/Associated Press
Charmaine Marriott was a long way from Wall Street, but sympathy for the protesters there led her to make her own statement in Albany last week. A new report may spur the protests.
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In addition, the report said, government policy has become less redistributive since the late 1970s, doing less to reduce the concentration of income.
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