Today we sat down with Paul Van de Water, senior fellow, to discuss how Social Security helps to reduce poverty.
BEYOND THE NUMBERS
It’s no secret that with unemployment much higher than usual during the recession, a growing number of Americans are receiving food stamps to help them afford an adequate diet. In fact, the number of food stamp recipients has jumped by about 13 million (50 percent) since the start of the recession. But you might not know that the Food Stamp Program has handled this increase while becoming even more efficient, as a new Center report shows.
Several states, including Maryland and New Jersey, have reported a decline in their millionaire population in the past couple of years, and advocates for cutting taxes have been quick to argue that this shows high-income residents are fleeing to other states with lower taxes.
I recently wrote about new Congressional Budget Office data showing that over the past three decades, after-tax incomes jumped by a stunning 281 percent for the richest 1 percent of Americans, while rising just 25 percent and 16 percent for households in the middle and bottom of the income scale, respectively. The table gives the relevant dollar figures for different income groups. (All figures here are adjusted for inflation.)
After-tax incomes nearly quadrupled for the top 1 percent of Americans in the last three decades, while barely rising among middle- and lower-income households, according to new data from the Congressional Budget Office. Here’s how different income groups did over that period:
In about 10,000 schools around the country, at least four-fifths of the children are poor enough to qualify for free or reduced-price meals. Wouldn’t it make sense to allow those schools to serve free meals to all of their students without having to use scarce resources to weed out the few children who don’t qualify?
The Senate Agriculture Committee incorporated that improvement, part of the Hunger Free Schools Act, into the bill it passed last month to renew the federal child nutrition programs.
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