U.S. Budget Committee Data Disclosed

Another study shows that 1% of the richest Americans have gotten much richer over the past three decades, while at the same time the incomes of the middle class and poor, have increased only slightly.
According to the Congressional Budget Committee, from 1979 to 2007, the median after-tax income of wealthy families nearly quadrupled (2,75%). For families in the middle of the economic scale, income, after tax deductions, increased by only 40%. Those at the bottom of the table "got rich" by 18% .
A report based on Census Bureau data has fueled the fire. The Wall Street demonstrators now call themselves "99%" . They are concerned about the income gap between rich and poor, and about government policies that bail out corporations at the expense of middle-class and poor taxpayers.
The nation's 1% population had an average annual income of $165,000 in 1979 and $347,000 in 2007, the report said. Middle-class incomes rose, respectively: from $51,289 to $70,578. The income of the poorer segments of society increased from $12,823 in 1979, to $14,851 in 2007.
Now, lawmakers and the president's administration are debating the tax code, weighing options to narrow the income gap. U.S. President Barack Obama, on business trips around the country, promises to raise taxes on the wealthy, increase infrastructure spending and help local governments avoid mass layoffs of teachers, police and firefighters. For his part, Republican Paul Rein, chairman of the Budget Committee, condemned Obama for inciting "class warfare" and added that the principle of "equal opportunity" should be preserved.

According to the foreign press for ForTrader.Ru