Congresswoman Loretta Sanchez, Representing California’s 47th Congressional District
PRESS RELEASE, FOR IMMEDIATE RELEASE: October 27, 2011
MEDIA CONTACT: Adrienne Watson 202-309-0825
REP. SANCHEZ RESPONSE TO CBO REPORT ILLUSTRATING RAPIDLY EXPANDING INCOME INEQUALITY
WASHINGTON, D.C. – Congresswoman Loretta Sanchez (CA-47) released the following statement in response to a new report by the Congressional Budget Office (CBO) highlighting the rapidly expanding income inequality in the United States. The report found that the income of the top 1 percent of households grew by 275 percent between 1979 and 2007, compared with a 19 percent increase for the average American household. Continue reading