The president has powers to fight income inequality, President Obama argued in an interview broadcast Sunday, adding that Republicans in Congress have hobbled his efforts to do it.
Appearing on ABC’s “This Week” program, Obama acknowledged that the wealthiest Americans have benefited disproportionately from the economic recovery of recent years. But he was quick to add that much of that trend is due to globalization, technology and, not least, the GOP’s opposition to his economic agenda – all factors he suggested are beyond his control.
“I think the president can stop it,” Obama said, when asked about the growing income gap. “The problem is that there continues to be a major debate here in Washington, and that is, how do we respond to these underlying trends?”
Obama promoted his efforts to increase funding for education, infrastructure and research and development programs, and he trumpeted his push to reform the tax code to discourage outsourcing.