New analysis of government data shows that, since Donald Trump took office, inflation-adjusted income growth has slowed significantly across the U.S.
Middle-class incomes grew at a rate of 2.7 percent from 2016 through 2018, compared to a 5.8 percent growth rate from 2014 through 2016 when accounting for inflation. The new findings – from an EPI and Capital & Main analysis of the most recent U.S. Census data – offer a stark departure from Trump's characterization of how well middle-class Americans are faring as the country heads into the thick of its primary season. In his State of the Union speech last month, he declared his economy to be"the best it has ever been.
Between 2016 and 2018, real median household income declined in six states and the District of Columbia, which has three electoral votes. During the 2014-2016 Obama expansion, median household income declined in one state.
Crazy. If only we had known...
Trickle down economics has never worked. A good example Fred Smith of FedEx petitioned to lower corporate taxes under the guise to increase wages. Actually the workers received 2% and Smith bought back stock at a reduced rate. Step increases were frozen as well.
Because of course it did. Trump is a conman
Duh!
Facts matter. “Middle-class incomes grew at a rate of 2.7 percent from 2016 through 2018, compared to a 5.8 percent growth rate from 2014 through 2016 when accounting for inflation.”
FakeNews Highly selective data set only exposes your bias as 'reporters'. It says nothing about the pretty good state of the economy.
You're serial liars about Trump but we'll believe this.
Shocking!! Of course it has!! That 'tax cut' was BS and only helped corporations and the wealthy!
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