Tags: Obama | poor | rich | deficit

Study: Obama Wrong — Poor Not Getting Poorer

Tuesday, 26 Apr 2011 05:02 PM

  Comment  |
   Contact  |
  Print   |
    A   A  
  Copy Shortlink
New research rebuts President Barack Obama’s recent claim that the poor are getting poorer while the rich get richer. The president’s claim, during a speech about the deficit, didn’t take health benefits and federal data into account, according to a report at DailyCaller.com.

Obama, rich, poor, deficit, healthAlthough the rich have been getting richer over the past three decades, the financial status of the poor and middle classes also has been improving, according to the findings, which economists from Indiana University, Cornell University, and the Joint Committee on Taxation published in “The Journal of Policy Analysis and Management.”

“This isn’t a zero sum game, where one group wins at the expense of others,” Cornell’s Richard Burkhauser told DailyCaller.com. “The growth in productivity of Americans in the top 20 percent of tax units increased the size of the economic pie sufficiently to register major gains across the entire distribution of after-tax income.”

© 2014 Newsmax. All rights reserved.

  Comment  |
   Contact  |
  Print   |
  Copy Shortlink
Send me more news as it happens.
 
 
Get me on The Wire
Send me more news as it happens.
Around the Web
Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Country
Zip Code:
Privacy: We never share your email.
 
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
You May Also Like

One Million Mummies, or More, Found in an Egyptian Graveyard

Friday, 19 Dec 2014 07:16 AM

More than one million mummies have been found in an ancient cemetery in Egypt south of Cairo, according to estimations b . . .

EU Obesity: Being Fat Can Be a Disability, Rules Court of Justice

Friday, 19 Dec 2014 06:31 AM

Obesity can be a disability, according to a ruling by the European Court of Justice that could have consequences for emp . . .

American Kennel Club's New Breeds Include a Fishing Dog

Friday, 19 Dec 2014 06:17 AM

A Spanish fishing dog and a South African guard dog are among four more dog breeds recognized by the American Kennel Clu . . .

Top Stories

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved