inflation
Inflation pushes minimum wages higher in some states
This article was originally published by Stateline, an initiative of The Pew Charitable Trusts. DENVER — Low-wage workers in more than a dozen states — and many more cities — could get unexpectedly large raises next year, thanks to minimum wage increases that will reflect soaring consumer prices. Denver’s minimum wage, which is indexed to […]
Biden signs into law Democrats’ wide-ranging climate change, health care and tax bill
WASHINGTON — President Joe Biden signed his party’s signature climate, health care and tax package into law Tuesday, capping off more than a year of tumultuous negotiations that saw his original proposal to Congress slimmed down considerably. Flanked by a handful of Democrats, including Senate Majority Leader Chuck Schumer, House Majority Whip Jim Clyburn and […]
Strong economy, declining gas prices have escaped notice, White House says
After making a fight against inflation its “top priority,” the Biden administration says aspects of the economy are robust, even if headlines haven’t reflected that. Senior administration officials promoted Biden’s economic record on a call with local reporters Wednesday on positive economic indicators — mainly low unemployment and falling gas prices — ahead of a […]
U.S. inflation hits a 40-year high in June, but Biden points to decreasing gas prices
WASHINGTON — U.S. inflation reached a 40-year high for June as prices for gas, food and rent increased, according to the latest Consumer Price Index from the Bureau of Labor Statistics on Wednesday. Consumer prices for all items increased 9.1% for the 12 months ending in June compared to last year, the biggest year-to-year increase since the […]
Millions of Ohioans facing home gas and electric rate hikes
Ohio utility companies have asked state regulators for permission to raise home gas, electric and water costs on more than 2.75 million Ohio customers. Those charges could be spread between customers of Columbia Gas, AES Ohio, Duke Energy, and Aqua Ohio. The utilities, all investor-owned, are collectively asking for another $400 million in annual charges. […]
Sen. Brown touts bipartisan firearms bill, other legislative progress
Ohio U.S. Sen. Sherrod Brown predicted quick passage for a bipartisan gun reform package negotiated by his colleagues in the wake of the Uvalde shooting. “We will pass the bill tonight or tomorrow,” Brown said Thursday. “We will get it. The House will pass it, I assume, quickly, and we will get it to the […]
Biden pitches a summer gas tax holiday as price hovers around $5 a gallon
WASHINGTON — President Joe Biden on Wednesday called on Congress and state legislatures to provide a temporary reprieve from gas taxes — but members of his own party and Republicans appeared opposed, making it look unlikely on the federal level. In addition, many state legislatures are out of session for the year and aren’t expected […]
To combat ‘rash’ inflation, Ohio considers eliminating diaper tax
The following article was originally published on News5Cleveland.com and is published in the Ohio Capital Journal under a content-sharing agreement. Unlike other OCJ articles, it is not available for free republication by other news outlets as it is owned by WEWS in Cleveland. A bipartisan bill in the Ohio House would eliminate the sales […]
Ohio politicians push regressive tax system while shedding crocodile tears over inflation
Inflation hurts the people who make the least money the most, as do supply-side, regressive tax systems. So the wailing over inflation by wealthy politicians refusing to help hungry families and burdening them with regressive taxes while giving hand-outs to the rich, rings pretty hollow. Inflation squeezes working and middle class families because money doesn’t […]
U.S. House Ag panel mulls safety net changes in farm bill amid soaring costs
WASHINGTON — Members of the U.S. House Agriculture Committee are considering how to help farmers struggling with rising costs for fertilizer, fuel, seeds and chemicals — the unfortunate harvest of the war in Ukraine, strains on the global supply system, inflation and severe weather. A panel of the committee heard from agricultural economists Thursday, as lawmakers debate […]
Survey: Small business owners worry over inflation, labor shortfalls, supply chain
Ohio’s small business owners counted economic inflation, labor shortages and supply chain disruptions as the issue most concerning to their business, according to a recent survey. Some combination of these currents have caused roughly eight in 10 Ohio business owners to raise prices, according to a survey conducted by the National Federation of Independent Businesses. […]
Whaley promises inflation ‘rebate’ checks if elected
Democratic governor nominee Nan Whaley is promising $350 checks to help Ohioans manage the rising cost of gas, groceries and other essentials. But with some economists pointing to federal stimulus as one of the drivers of inflation, her plan may not sit well with them. Whaley’s plan would take the $2.68 billion in American Rescue […]