"The income gap between West Virginia's richest and poorest families grew faster than in all but seven other states since the 1990s," The Charleston Gazette reports, citing a new study.
"The Economic Policy Institute and the Center on Budget and Policy Priorities, looked at income data dating back to the late 1980s," the article said. "The study found that during the late 1990s, incomes grew for both rich and poor. But the 2001 economic downturn ended that. Incomes stagnated or fell for poor and middle-income families, but rich families recovered - partly thanks to the federal tax cuts of the early 2000s, the report states."
15 April 2008
Income in W.Va.
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It's strange that tax cuts are given credit for higher income, since income is generally measured before taxes are taken out.
Sure, higher taxes will mean fewer jobs and lower taxes will mean more jobs, but this should apply across the board and would not be acknowledged by liberal "policy institutes," since they believe that higher taxes are better and have no bearing on jobs.
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