Economy
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Biden caps credit card late fees at $8
More than 45 million Americans who are charged late fees on credit cards each year will save an average of $220 annually under the new rule.
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Biden demands grocery stores and food brands end ‘price gouging’ and ‘shrinkflation’
Grocery prices have risen by more than 20% since the beginning of the pandemic and in Pennsylvania, grocery prices rose 8.2% from Nov. 2022 to Nov. 2023. In response, President Biden is demanding grocery chains and food brands lower their prices and stop ripping families off.
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Casey and AG Henry take aim at hated junk fees on concerts and more
US Sen. Bob Casey and Pennsylvania Attorney General Michelle Henry are urging the Biden administration to crack down on hidden and bogus fees by adopting the proposed “Rule on Unfair or Deceptive Fees,” which would ban junk fees on consumer purchases.
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Biden policy to help IRS collect up to $851 billion in back taxes from ultra-wealthy
Using funds provided by the Inflation Reduction Act, the IRS has already collected more than $520 million from 1,600 millionaires who had unpaid tax bills of more than $250,000. The IRS could collect as much as $851 billion in additional tax revenue over the next decade.
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Casey: Food producers driving, profiting off of increased food prices
“It has, quite literally, gotten harder for working Americans to bring home the bacon,” the report said, describing the rising costs of food prices.
