Economics
Lawmakers Split Over Trump Economy’s Impact on Income Inequality
- Chairman Yarmuth warns of more disruption from technology
- Republicans say low-wage earners benefit from job growth
Donald Trump
Photographer: Andrew Harrer/BloombergThis article is for subscribers only.
Democrats and Republicans on the House Budget Committee disagreed not only about how to tackle economic inequality, but also over whether President Donald Trump and the GOP have made the problem better or worse.
Republicans argued at a panel hearing Thursday that their 2017 tax cut sparked economic growth and upward mobility for the middle class and low-income workers. Democrats, however, said the problem is getting worse and that urgent steps are needed to reverse the dynamics.