Committee to Unleash Prosperity
Issue #1145
The left obsesses about income inequality. We don’t. We want everyone to be better off. Period. But guess who made the poor and middle class worse off and the rich better off? Biden.
A new study by Economist Zach Mazlish of the University of Oxford finds that households suffered a 1.7% median annualized decline in post-tax real income during Biden’s term, far more negative than previously reported. But under Trump real median income surged by 2.1% per year.
According to Mazlish: “Inflation did make the median voter poorer during Biden’s term. In no part of the income distribution did wages grow faster while Biden was President than they did 2012-2020.”
