No wonder the economy remains weak: a new U.S. Census Bureau report on income, poverty and health insurance coverage indicates that median wages in 2010 were about 7 percent below the peak level in 1999, and more Americans lived in poverty last year than ever before recorded. Iowa’s poverty rate rose over the last decade, hitting 10.2 percent in 2010. That figure translates to about 310,000 of the state’s 3,046,355 residents living in poverty.
The report’s findings bolster the case for spending more on social programs and undercut the argument for business tax credits as a job creation strategy. In addition, the new census figures show how badly the 1996 federal welfare reform failed to address poverty in this country.
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