AOL News has a new home! The Huffington Post.
Click here to visit the new home of Politics Daily!Two generations ago, "two Americas" referred to the sharp divide between prospering Americans and those mired in poverty, stagnation and prejudice, a gulf addressed by Michael Harrington in his influential book, The Other America: Poverty in the United States. ...
The IRS may have given President Obama's new bipartisan fiscal review commission fresh ammunition as the panel considers which taxes to increase to help close the $1.4 trillion deficit. According to tax authorities, the richest 400 taxpayers each received the equivalent of an $82 million bonus in 2007. These households had an average $345 million income, a 30 percent increase from the previous year, when they made $263 million. ...
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