The gap between wealthy families and working families is growing. Real median income is falling, poverty is rising, and fewer workers have health insurance. The price of college is shooting up, leaving new college graduates saddled with loans for years. And while this is happening, Bush tax cuts go to benefit Wall Street stockbrokers who took home $24 billion in bonuses last December.
So credit Representative Rangel for taking testimony on wealth inequality in his new position as Chair of the House Ways and Means Committee to see what can be done to help working families make ends meet (via the Daily Politics). Raising the minimum wage will help, but that's only a first step. Rep. Rangel is looking at what to do next.
The AFL-CIO has weighed in, you can read more here, here, here, here, and here's the full list of Ways and Means Committee hearings.
Technorati tags: Working Families Party | Income Inequality