While the Bush administration likes to say that their fiscal policies are good for the economy and therefore good for all Americans, the facts reveal otherwise. This week’s EPI Snapshot focuses our attention on the racial income gap. While African-American median income had been growing as proportion of white income since 1995, the latest data indicate that there has been a reversal of that trend. Compared to the full-employment job market of the latter 1990s, the weaker post-2000 labor market has reversed significant progress in racial income gaps. In 1995, the median income of African-American families was 61.0% of that of white families (in 2004 dollars: $31,966 versus $52,492). By 2000, when the unemployment rate fell to 4.0%, the ratio was 63.5% (still a very large income gap: $36,939 versus $58,167 in 2004 dollars), the highest level on record, going back to 1947.