CBO: Income Of The Top 1 Percent Exploded Over The Last Three Decades

It will be interesting to see how the GOP handles this report from the non-partisan and highly respected Congressional Budget Office.

Well, not really.  They will just loudly spread lies and propaganda while impugning the reputation of the CBO.

At this point, their reaction to news and facts not supportive of their goals is really rather predictable.

From ThinkProgress.org:

The Congressional Budget Office today released a new report on the growth in income that’s occurred in the U.S. over the last three decades. CBO found that, “for the 1 percent of the population with the highest income, average real after-tax household income grew by 275 percent between 1979 and 2007,” while it grew by just 18 percent for the bottom 20 percent of the income scale. “As a result of that uneven income growth, the distribution of after-tax household income in the United States was substantially more unequal in 2007 than in 1979,” CBO said.

via CBO: Income Of The Top 1 Percent Exploded Over The Last Three Decades | ThinkProgress.