Income Inequality

Maybe the Left Hand of Pew Trust Needs to Talk to the Right Hand...

The Patriot-News yesterday highlighted a new report by the Pew Trust which finds that the middle class is shrinking. That’s interesting, especially given that, another part of Pew has been advocating for several years with former Enron billionaire John Arnold for policies that would further undermine the middle class. (Check on this link for one perspective on Arnold and Pew.)

Unintended Consequences? Property Tax Elimination Increases Taxes on the Middle Class to Reduce Taxes for high income families

The budget end game has focused a lot on property tax cuts. The budget framework agreement includes property tax relief, the allocation of which has not yet been worked out. And now the Pennsylvania Senate will consider SB 76, a bill to eliminate school property taxes early next week. Property tax elimination would be paid for by raising the sales tax rate to 7 percent and expanding it to cover more services, and by raising the personal income tax rate to 4.34 percent.

OK, So It's Not the Swimsuit Issue...But Mark Price Made SI (Sports Illustrated)

This may be a first for an economist. A map based on a report by our very own Mark Price -- the Increasingly Unequal States of America -- made the Sports Illustrated blog at the end of last week. Fortunately, it was not accompanied by a picture of Mark on the beach during his recent work-related trips (yes, plural) to Miami.

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