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US wealth gap putting the squeeze on state revenue

By Josh Boak
Published September 15, 2014 3:31pm ET
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US wealth gap putting the squeeze on state revenue
WASHINGTON (AP) — Income inequality is taking a toll on state governments. The widening gap between the wealthiest Americans and everyone else has been matched by a slowdown in state tax revenue, according to a report being released Monday by Standard & Poor’s. Even as income for the affluent has accelerated, it’s barely kept pace […]

WASHINGTON (AP) — Income inequality is taking a toll on state governments.

The widening gap between the wealthiest Americans and everyone else has been matched by a slowdown in state tax revenue, according to a report being released Monday by Standard & Poor’s.

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