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Search Results: keywords:"inflation"

  • H.R. 8806, also known as the “Safeguarding Social Security and Medicare Act,” directs the Comptroller General of the United States to conduct a study on the impact of inflation and cost of living on Social Security and Medicare. The bill aims to uncover how these economic factors affect these...

    Simple Explanation

    H.R. 8806 is a plan to have someone look closely at how things like prices going up affect Social Security and Medicare, which are programs that help a lot of people. They want to make sure these programs can keep helping people even if things get more expensive.

  • H. R. 10338 seeks to stop companies from misleading consumers by reducing the size of products but using the same packaging, a practice known as "deceptive downsizing." The bill mandates the Federal Trade Commission (FTC) to create regulations prohibiting this practice to...

    Simple Explanation

    H. R. 10338 wants to stop companies from tricking people by making products smaller but keeping the box or bottle the same size. It tells a special group to make a rule to stop this so people get what they expect to buy.

  • The H.R. 413 bill proposes changes to the Internal Revenue Code of 1986 to address the impact of inflation on dependent care assistance programs. Specifically, it aims to increase the maximum contribution limit from $5,000 to $10,000 for these programs. Additionally, the bill...

    Simple Explanation

    The bill H.R. 413 wants to change the rules so that families can save more money, up to $10,000 a year, to help pay for things like babysitters or daycare, and make sure this amount goes up a bit every year to keep up with rising prices. This would start happening in 2025, and it could mean the government gets a bit less money in taxes because people are saving more in these special accounts.

  • The resolution, S. RES. 580, expresses the Senate's opposition to the use of congressional earmarks, which allow lawmakers to direct taxpayer funds to specific local projects. It highlights concerns that earmarks lead to wasteful spending and contribute to the nation's rising debt. The...

    Simple Explanation

    This resolution is like saying, "We should stop using a special rule called 'earmarks' that lets people in Congress spend money on local projects because it can waste money and make the country owe more." It asks Congress to save money and spend it wisely instead.

  • H. RES. 1460 is a resolution that strongly criticizes the economic policies, referred to as "Kamalanomics," of Vice President Kamala Harris. It argues that these policies have led to increased inflation, high unemployment, and rising prices for goods and services in the...

    Simple Explanation

    H. RES. 1460 is a paper from Congress saying that some people think Vice President Kamala Harris's money ideas are making things like food and toys too expensive and hard to find jobs. They believe these ideas might not be good for everyone.

  • S. 3688, titled the "Federal Adjustment of Income Rates Act" or the "FAIR Act," proposes to increase the pay rates for federal employees. For the year 2025, it plans to raise the basic pay rates of federal employees under the statutory pay systems by 4 percent. It also...

    Simple Explanation

    In 2025, this bill wants to give federal workers a little raise, making sure they get paid more. It's like giving them a bit more money to thank them for their hard work.

  • H. RES. 609 is a resolution expressing the House of Representatives' opposition to New York City's Central Business District Tolling Program. This program would charge drivers entering Manhattan's Central Business District up to $23 per day, potentially costing daily commuters around $5,000 a...

    Simple Explanation

    In this bill, the House of Representatives says they don’t like a plan by New York City that would make drivers pay money to go into a busy part of the city. They are worried it will cost people and small businesses too much money every year.

  • H. R. 191 seeks to repeal the Inflation Reduction Act of 2022. Introduced in the House of Representatives by Mr. Ogles and several other co-sponsors, the bill aims to revoke Public Law 117–169, which is known as the Inflation Reduction Act of 2022. In addition to the repeal,...

    Simple Explanation

    H. R. 191 is a plan to cancel a law from 2022 that was made to help with money problems, called the Inflation Reduction Act. This plan wants to stop the leftover money set aside for the things that the 2022 law was supposed to do.