Biden caps credit card late fees at $8
| March 5, 2024
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’
| February 12, 2024
Grocery prices have risen by more than 20% since the beginning of the pandemic and in Texas, grocery prices rose 5.1% 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
| February 9, 2024
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.