The significant increase in the degree of inequality in income distribution in the United States can be attributed to the significant cuts in federal corporate and personal income taxes and cuts in transfer programs.

Question

Quizplus · Accepted Answer

Tax cuts can disproportionately benefit higher-income individuals and corporations, potentially widening income inequality. Additionally, cuts in transfer programs can reduce support for lower-income individuals, further increasing inequality.

The Significant Increase in the Degree of Inequality in Income