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."
Monday, October 1, 2012
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