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A new study of income inequality could be bad news for those expecting the GOP's tax cut to trickle down to the middle class. The report by the Brookings Institution found that some places saw shrinking gaps between the top and bottom of the income scale between 2014 and 2016 — but in other places, the gaps grew much larger.

Expand chart
Data: Brookings; Chart: Chris Canipe / Axios

Why this matters: This shows gains on one end of the income scale don't necessarily translate into gains at the other end, at least in the short term. It also suggests that different places have different economies, meaning one-size-fits-all national policy solutions aren't likely to be universally successful.

Expand chart
Data: Brookings; Chart: Chris Canipe / Axios

The back story: The report looks at income inequality levels for the 100 largest metropolitan areas in the U.S.

Key quote: "At least in the short run, city and metropolitan income trends do not suggest the existence of a rising tide lifting all boats, but rather separate ebbs and flows for households at different extremes of the distribution."

  • "Even if ... local innovation economies generate greater opportunities for workers in less-skilled industries, those opportunities may not materialize overnight, and low-income workers and families could get priced out of a city in the meantime."

Takeaways:

  • While more cities saw declines in income inequality from 2014-2016, more metropolitan areas saw increases in income equality over this time period.
  • Some of the biggest changes in income were among wealthy households in cities that are home to booming technology industries like San Francisco, Austin and Seattle.
  • Trends at the top of a place's income distribution "had little relationship" to trends at the bottom of the distribution.
  • Even if a place's income inequality ratio didn't change, the gap between different income groups' earnings could increase. For example, in San Francisco the ratio remained the same, but the gap between the 20th and 95th income percentile grew by $114,000.

Go deeper

CCP releases two jailed Canadians after Huawei CFO deal with DOJ

Photo: Sheldon Cooper/SOPA Images/LightRocket via Getty Images

Two Canadians imprisoned by the Chinese government for over 1,000 days have been released and are expected to arrive in Canada on Saturday, Prime Minister Justin Trudeau said Friday.

Why it matters: Their release comes hours after Huawei Technologies CFO Meng Wanzhou reached a deal with the U.S. Department of Justice that resolves the criminal charges against her and could pave the way for her to return to China.

Updated 12 hours ago - Politics & Policy

Arizona GOP's private recount of 2020 election confirms Biden's win

Contractors working on behalf of the GOP examine and recount 2020 ballots at Arizona Veterans Memorial Coliseum in Phoenix in May. Photo: Courtney Pedroza/Getty Images

In an odd coda to the 2020 election, private contractors conducting a GOP-commissioned recount in Arizona confirmed President Biden’s win in Maricopa County.

Why it matters: The unofficial, party-driven recount has been heavily covered on cable news as part of former President Trump's continued effort to sow doubt about the election result.

Del Rio bridge camp empty following Haitian migrant surge

A boy bathes himself in a jug of water inside a migrant camp at the U.S.-Mexico border on Sept. 21 in Del Rio, Texas. Photo: John Moore/Getty Images

The last migrants camping under the Del Rio International Bridge, which connects Texas and Mexico, departed on Friday, Homeland Security Secretary Alejandro Mayorkas announced during a White House press briefing.

Driving the news: Thousands of migrants, mostly from Haiti, had arrived to the makeshift camp after crossing the southern border seeking asylum. Roughly 1,800 migrants will now head to U.S. Customs and Border Protection processing centers.