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Strength
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Documents | Actions |
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person
Ostry
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Business associate |
5
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1 |
This document appears to be page 22 of a Standard & Poor's economic research report titled 'How Increasing Income Inequality Is Dampening U.S. Economic Growth,' dated August 5, 2014. It defines economic terms such as 'After-tax income' and 'The Gini Index,' and provides details for a 'Chart 8' alongside endnote citations. The document bears a 'HOUSE_OVERSIGHT_025784' Bates stamp, indicating it was part of a document production to the U.S. House Oversight Committee, though the specific page content is purely academic and economic in nature.
This document analyzes proposals to address U.S. income inequality, specifically discussing the pros and cons of raising the minimum wage and implementing tax reforms. It cites data from the IMF, CBO, and CATO Institute regarding job losses versus poverty reduction, and reviews specific tax proposals from Warren Buffett, academics, and California legislators aimed at reducing the wealth gap. The text cautions that while some redistribution can be beneficial, excessive taxation might negatively impact economic growth.
This document is page 19 of a Standard & Poor's economic research report dated August 5, 2014. It discusses the impact of income inequality on U.S. economic growth, citing various economic theories and studies by researchers such as Berg, Ostry, Okun, and Forbes. The page bears a 'HOUSE_OVERSIGHT' Bates stamp, indicating it was part of a document production for a congressional investigation.
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