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Search Results: keywords:"consumer prices"

  • H.R. 9827 proposes to impose an additional tax on goods imported into the United States. The bill requires the President to apply a 10% ad valorem duty on imports. Each year, this duty could increase by an additional 5% if the U.S. has a trade deficit, or decrease by 5% if...

    Simple Explanation

    This bill is like adding a price tag to toys you buy from another country; if America buys more than it sells to other places, the price increases a bit each year, but if America sells more than it buys, the price tag goes down.

  • S. 4884, known as the “Fighting Fibers Act of 2024,” requires that starting in 2030, all new washing machines sold in the United States must have a built-in microfiber filtration system. This system is designed to capture small particles during wash cycles to reduce...

    Simple Explanation

    The Fighting Fibers Act of 2024 is a rule that says all new washing machines in the US need special filters to catch tiny pieces of cloth by 2030, and the people who make these washers could pay fines if they don't follow this rule. It also asks experts to study if these tiny pieces are bad for our health or the Earth.