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NATIONAL ECONOMY
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 North Carolina, 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
| 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.
A new child tax credit could pass this month. Here’s what it would do for low-income families.
| January 17, 2024
During the pandemic, Democrats changed the child tax credit and cut childhood poverty in half. Now there's new hope for making those changes permanent, but there are skeptics.
As North Carolina housing costs soar, Biden wants to turn empty offices into housing
| November 3, 2023
Affordability | HARDGATE | HOUSING | INFRASTRUCTURE | NATIONAL NEWS | national politics | NORTH CAROLINA NEWS
In Sept. 2020, the median home sale price in North Carolina was $272,000. As of Sept. 2023, that figure had risen to $363,600.
Ticketmaster to End Hidden Fees, Show Full Ticket Prices Amid Pressure From Biden
| June 15, 2023
While Ticketmaster and SeatGeek have agreed to institute more transparency when it comes to ticket sales, some anti-monopoly advocates think the answer is “breaking up” these companies altogether.