The report was released last week by US Sen Bob Casey (D-Pennsylvania), and calls out corporations for using inflation as a cover to gouge consumers and reap record profits coming out of the pandemic.
In Sept. 2020, the median home sale price in Pennsylvania was $230,400. As of Sept. 2023, that figure had risen to $274,900, a 19% increase, according to Redfin. Renters are also paying more in the commonwealth. In 2020, they paid an average of $684 per month for a one bedroom apartment. In 2023, they’re paying an average of $917 for a one bedroom, a 34% increase.
“[These] charges are taking real money out of the pockets of American families. These junk fees can add up to hundreds of dollars, weighing down family budgets, making it harder to pay family bills,” President Biden said on Wednesday.
Sixty-five percent of Americans believe corporate taxes should be raised and roughly six in 10 Americans said it bothered them a lot that corporations and some wealthy people “don’t pay their fair share,” according to a Pew survey. Donald Trump has other ideas.
The proposed regulation would require employers to pay overtime to their salaried workers who are in executive, administrative, and professional roles, and make less than $1,059 a week, or $55,068 a year for full-time employees.
Thousands of commercial janitors and building workers from Service Employees International Union 32 BJ rallied in Philadelphia on Tuesday as the union’s contracts representing 70,000 workers on the East Coast are set to expire over the next few months