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While ordinary American workers are falling behind, the wealthy few are doing quite well. From 1979 to 2007, the top 1 percent’s average after tax income quadrupled, while income for the middle 60 percent and bottom 20 percent of Americans grew at a much slower pace.
Still, the Republican presidential candidates are proposing trickle-down, regressive tax plans that only make the income gap worse and hinder economic growth.
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