Economy
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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 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.
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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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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 that would prohibit companies across the private sector…
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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 disabilities. This round of debt relief totals $9 billion and will eliminate the debt of 53,000 who’ve participated in…
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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 Medicaid Services (CMS) to lower the cost of 10 commonly-used drugs, thanks to a provision in Biden’s…
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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.
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How Biden Is Still Trying To Make Student Debt Relief Happen
On June 30, the Supreme Court struck down President Biden’s student loan cancellation plan, a major blow to tens of millions of working- and middle-class Americans who stood to benefit from the program. Under Biden’s plan, an estimated 20 million people were expected to be eligible to have their remaining debt fully canceled, with benefits…
