The president’s budget includes proposals to lower childcare costs, create a paid family leave program, lower drug costs, and strengthen Social Security and Medicare—all by raising taxes on the wealthy and corporations.
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.
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 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.
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.
Big Detroit auto show abandons September date and will move back to its roots in January
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.
Biden invests $5 billion to support rural communities, including in Michigan
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.
Explainer: Michigan’s minimum wage is going up next year. But will it ever actually hit $15?
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.
As Michigan housing costs soar, Biden wants to turn empty offices into housing
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.
Autoworkers are the latest to spotlight the power of US labor. What is the state of unions today?
US labor unions are once again flexing their muscles in the national spotlight.