Tag Archives: CBO

Taxes, Government Transfers, and Income Inequality

THE Congressional Budget Office recently published a report, The Distribution of Household Income and Federal Taxes, 2011, which examines incomes and taxes across income brackets from 1979 – 2011.  In short, the report found that higher earners experienced greater income gains, and government transfers and taxes helped reduce inequality. As the report notes, market income* has grown considerably for […]

What we know and what we (should) know that we don’t know about minimum wage increases

FROM a piece in the in the BDN regarding the minimum wage debate: Democratic candidates for Maine governor and the U.S. Senate joined former Ohio governor and U.S. Rep. Ted Strickland and Portland Mayor Michael Brennan on Tuesday to call for an increase in the minimum wage, expansion of health care benefits and other steps […]