Letter: Robin Hood in Reverse

Letter: Robin Hood in reverse

“We all do better when we all do better,” said former Sen Paul Wellstone. Since the 1980s there has been a dramatic shifting of wealth from the bottom to the top in our country. The top 10% of households own 67% of our nation’s wealth. The top 1% own 30%. There are 900 billionaires. On the other end, half of households, the bottom 50%, own 2.5%. That is very extreme inequality. The U.S. Congress is now working on something called "one big, beaut…

'Robin Hood in reverse': Low-income losses, wealthy gains expected from GOP megabill

A far-reaching budget reconciliation bill on the verge of becoming law after drawing key support from U.S. Sens. Shelley Moore Capito and Jim Justice, both R-W.Va., would disproportionately favor six-figure-plus income households over lower-income Americans and cut over $1 trillion in spending on health care and food assistance, according to a new analysis. The University of Pennsylvania’s Penn Wharton Budget Model analysis released Tuesday proj…