The American Rescue Plan turns three today. Here’s how President Biden’s first signature accomplishment not only invested billions of dollars into North Carolina’s economy, but also made a difference in the lives of millions of people. Three years ago, on March 11,...
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.”
Josh Stein proposes a ‘Working Families’ Tax Cut’
According to Stein’s campaign, the average working family in the state could receive upwards of $520 back under his plan to reinstate the State Earned Income Tax Credit, while families with three children or more could see up to $1,486 back in their pockets. ...
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.
17 veteran-owned businesses to support in North Carolina
Show your support for our state’s veterans by becoming a patron of these businesses.
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.
We asked North Carolinians if child tax credit payments helped them. Here’s what they said.
Most of the North Carolinians we talked to said the Biden tax credit payments made a big difference at the end of each month. Right now, there’s a push in DC to restore them.
Rural NC communities get grant funding to address healthcare, infrastructure issues
The North Carolina Rural Infrastructure Authority (RIA) this month gave the greenlight to fund eight projects in communities across North Carolina, providing $1.5 million dollars to support a variety of projects and help create 270 jobs. “These funds make strategic...
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 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
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.