09-26-2016, 03:10 PM
Clinton would be a succession of this:
Quote:The Obama administration’s success in undoing some of this inequality, although reflected in the recent, welcome census report, is less well-known. Most notably, tax changes enacted during this administration have increased the share of income going to the bottom 99 percent of families by more than the tax changes in any administration since at least 1960.How Obama has narrowed the income inequality gap - The Washington Post
Under Obama’s leadership, Congress expanded the earned-income tax credit, increased the child tax credit for working families, and created a new tax credit for students and families paying for college — steps that together benefit 24 million households annually. At the same time, Congress reinstated Clinton-era tax rates for high-income Americans, restored the estate tax and applied Medicare taxes to the investment income of high-income households, putting unearned income on greater parity with earned income. All of these changes have increased the tax code’s progressivity.
The Affordable Care Act has also had a significant impact on inequality. Because of the law, 20 million more Americans have health insurance, gains that have reduced the uninsured rate to the lowest level on record. The law has sharply reduced inequality in health insurance coverage by age, race and income. The financial assistance that made this coverage expansion possible has also reduced inequality in after-tax incomes..