Fri, 27 January 2017
Income inequality has received increased attention internationally, nationally and in the states, with the gap between the highest earners and those further down the income scale continuing to widen rather demonstrably. According to a recent report by the Center for Budget and Policy Priorities, in terms of income inequality, New Jersey ranks seventh in the nation when accounting for the wealthiest five percent of households and fifth when accounting for the wealthiest 20 percent of households.
In its analysis, the Center for Budget and Policy Priorities assesses not only where states sit with respect to inequality, but also recommends several policy prescriptions for countering the trend, a number of which New Start New Jersey has promoted.
Joining New Start New Start New Jersey for this discussion is Elizabeth McNichol, a Senior Fellow with the Center for Budget and Policy Priorities and the author of the report “How State Tax Policies Can Stop Increasing Inequality and Start Reducing It.”