by Gerald Prante, Patrick Fleenor
Tax Foundation
September 21, 2009
For fiscal year 2012, the first full fiscal year in which President Obama’s full policy agenda would be in effect, we estimate that his policies would increase the amount of redistribution from those in the top five percent of the income spectrum to those outside the top five percent by $145 billion. The post-redistribution incomes of all other family income groups, including those in the top 20 percent yet outside the top five percent, would increase as a result of Obama’s proposed policies. We estimate that the greatest dollar amount increase per family would flow to families in the bottom 30 percent of the income spectrum.
