Waters Leads Crusade to Close Nation's Widening Wealth Gap

Statement

Today Congresswoman Maxine Waters, Ranking Member of Financial Services Committee, introduced the "Wealth Gap Resolution" to address the nation's widening wealth disparities and their crippling effects on working class families and communities of color.

Wealth is the difference between sending your children to college or not," said Congresswoman Waters. "It's the difference between retiring with a comfortable nest egg or relying on Social Security. And it's the difference between starting your own business or working at a low-paying job. So when we talk about the wealth gap and economic equality, we're not just talking about numbers. We're not just talking about not having as much as the other guy. We're talking about pulling families out of poverty, keeping them out of poverty, and ensuring that their children and their grandchildren never fall back into poverty again."

"President Barack Obama has already recognized inequality as the "defining challenge of our time,'" said Congresswoman Waters. "Members of Congress on both sides of the aisle have acknowledged just how harmful inequality and the wealth gap are for many middle class families. The time is now to meet words with actions. We have a moral obligation to address this crisis with substantive solutions."

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