The GOP Tax Bill Will Exacerbate Income Inequality

The GOP Tax Bill Will Exacerbate Income Inequality
AP Photo/J. Scott Applewhite

America's rich have gotten richer for decades, while the middle class and poor have seen meager gains. Since the mid-20th century, the top 1 percent have more than doubled their share of the nation's income, from less than 10 percent to more than 20 percent.

Donald Trump said he was going to fix it — that he would represent the forgotten men and women, the people who had been left behind in this widening of income inequality.

But the tax overhaul his Republican Party passed through the Senate early Saturday morning would make America's income inequality worse. Maybe a lot worse, economists say.

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