Where U.S. income inequality is the most severe
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.
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.