Monday, October 1, 2012

Republican strength in Congress aids super-rich, president's affiliation has no effect

Study investigates the rise of the top 1 percent

WASHINGTON, DC, September 27, 2012 — Republican strength in Congress increases the share of income held by the top 1 percent, but the president's political affiliation has no effect, suggests a new study in the October issue of the American Sociological Review that looks at the rise of the super-rich in the United States.

"This points to the central role that Congress has in the legislative process," said study co-author Thomas W. Volscho, an Assistant Professor of Sociology at CUNY-College of Staten Island. "The president has limited ability to make the sort of legislative changes necessary to affect the top 1 percent without the support of Congress, making Congress the central actor here."

 

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