Economy
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The super rich and big corporations to face more scrutiny from Biden’s IRS
Using an infusion of funds provided by President Biden’s 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.
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New VA program to help more than 40,000 veterans stay in their homes
The program is an attempt to prevent foreclosure actions against former military members still experiencing financial hardship post-pandemic.
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Biden’s 2025 budget prioritizes lowering costs for families, taxing the rich
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.
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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…
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Senator Tammy Baldwin announces shrinkflation bill to crack down on grocery prices
“Whether it’s a bag of chips, paper towels, or coffee, we are seeing the same disturbing trend: big corporations are shrinking the size of their product but continuing to charge Wisconsin families the same price,” Baldwin said in a statement.
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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.
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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.
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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 Wisconsin, grocery prices rose 5.6% 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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As Wisconsin housing costs soar, Biden wants to turn empty offices into housing
In Sept. 2020, the median home sale price in Wisconsin was $230,100. As of Sept. 2023, that figure had risen to $297,400, a nearly 30% increase, according to Redfin. Average monthly costs for 1- and 3-bedroom rentals in Wisconsin have also jumped by as much as 25% since 2021.
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Main Street Alliance Looks to Continue Growing as an Alternative to Big-Business Lobbies
Shawn Phetteplace, regional manager for the Main Street Alliance, lays out the organization’s top priorities for next year.
