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 takes aim at high costs during State of the Union speech
Biden called on Congress to pass a mortgage relief credit that would give first-time homebuyers an annual tax credit of up to $5,000 a year for two years. He also endorsed legislation to build and renovate roughly 2 million homes and vowed to crack down on “big landlords who break antitrust laws by price-fixing and driving up rents.”
Biden proposes new actions to address housing shortages and high costs
The actions announced last week will promote fairer rental markets, boost the supply of affordable housing and manufactured homes, and help families who are struggling to make ends meet.
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 Iowa, grocery prices rose 6.4% 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.
Biden moves to ban all junk fees and hidden charges for Iowans
If you’ve ever tried to stay at one of Iowa’s many historic hotels, such as the Des Lux, only to have exorbitant “convenience fees” or “service fees” tacked on at checkout, we’ve got some good news for you. The Biden administration on Wednesday proposed a new rule...
Iowans get financial relief as Biden cancels more student debt
The Biden administration on Wednesday announced it was providing student debt relief to 125,000 Americans, including individuals who’ve worked in public service or nonprofit positions, those who’ve been making payments for decades, and those with permanent...
Iowa seniors to see lower drug costs as Medicare price negotiations advance
The Biden administration announced Tuesday that all 10 drug companies whose medicines were selected for Medicare price negotiations in August have agreed to participate in negotiations. Now, these drugmakers will negotiate directly with the Centers for Medicare and...
Iowa native celebrates new deal after 5-month writers’ strike
After 148 days on strike, Hollywood writers—including Iowa native Romen Borsellino—reached a tentative agreement with the major studios last week that Borsellino told Starting Line was “an incredible deal” for Writers Guild of America members.