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On August 28, the U.S. Census Bureau released its annual report on poverty, income inequality, and the number of Americans with health insurance. The report announces good news: In 2006, a growing economy increased the median family income and lowered the poverty rate. Furthermore, income inequality did not statistically increase.
CDA01-08: How the Economic Stimulus Proposals of theAdministration, the House, and the Senate Would Effect the Economy
Who Benefits from Marriage Penalty and Child Tax Credit Relief inH.R. 6: Estimates by State and Congressional District
The U.S. economy is the biggest in the world, and it just keeps growing bigger. Recent data from the Commerce Department confirm that economic growth is robust, faster than economists had expected. In annualized terms, the economy grew 4.3 percent larger during the third quarter of 2005, which also happened to be when three massive hurricanes ripped up the Gulf Coast. Some diehard pessimists remain skeptical-a sign of partisan times perhaps-but we share one concern about an Achilles heel on the American colossus.
Advocates against hunger are asking the state for COVID-19 relief money to help soften the end of enhanced SNAP benefits.