Grocery prices have risen by more than 20% since the beginning of the pandemic and in Michigan, grocery prices rose 3.5% 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.
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.
Detroit’s big auto show is returning to January after an ill-fated two-year move to warmer September in an effort to create more outdoor experiences and draw more consumers.
Nearly $4 million will be used to upgrade the internet service of 56 people in Chippewa County. The Tribe of Chippewa Indians will also participate in the Federal Communications Commission’s (FCC) Lifeline and Affordable Connectivity Program in order to get improved internet access as well.
Michiganders earning the minimum wage will see a small raise next year, but a lawsuit pending in the Michigan Supreme Court could let voters push the rate even higher.
In Sept. 2020, the median home sale price in Michigan was $207,600. As of Sept. 2023, that figure had risen to $252,400, a 21% increase, according to Redfin. The median rent for a one bedroom apartment in Michigan has also increased, rising by $251 from May 2020 to May 2023 – a 22% increase.
US labor unions are once again flexing their muscles in the national spotlight.