Between 1964 and 1973, under both Democratic and Republican administrations, the U.S. poverty rate fell by nearly half (43 percent) as a strong economy and effective public policy initiatives expanded the middle class.
Similarly, between 1993 and 2000, shared economic growth combined with policy interventions such as an enhanced earned income tax credit and minimum wage increase worked together to cut child poverty from 23 percent to 16 percent.
We can't do this alone.
As some of you may know, I served on President Obama's Advisory Council on Faith-based and Neighborhood Partnerships for year one of his administration. Our one-year term is almost up, and yesterday we issued our final report to key members of the administration.