Kamala Harris outlined proposals to cut taxes for most Americans, ban "price gouging" by grocers and build more affordable housing on Friday as part of the "opportunity economy" she plans to pursue if she wins the White House.🇺🇸
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According to the U.S. Bureau of Labor, the average U.S. annual salary in Q4 of 2023 was $59,384. This is up 5.4% from the same time period in 2022 when the average American was making $56,316 per year. Average salaries and wages in the United States have been increasing year after year, but the landscape looks different depending on a range of factors, from where you live to how old you are. On average, Mississippi is the lowest-earning state with an average income of $48,048, and Massachusetts is the highest-earning state with an average income of $86,840.🇺🇸
https://www.usatoday.com/money/blueprint/business/hr-payroll/average-salary-us/
Americans stepped up their spending at retailers last month by the most in a year and a half, easing concerns that the economy might be weakening under the pressure of higher prices and elevated interest rates. The Commerce Department reported Thursday that retail sales jumped 1% from June to July, the biggest such increase since January 2023, after having declined slightly the previous month. Auto dealers, electronics and appliance stores and grocery stores all reported strong sales gains.🇺🇸
The Economist/YouGov poll, conducted Aug. 11-13, found 54% of voters said the most important issues to them were “inflation/prices,” “jobs and the economy,” “immigration” and “taxes and government spending.” Economic issues and immigration have consistently been raised as high concerns among voters in polling in recent months. 🇺🇸
Prices 🇺🇸
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Mississippi is joining eight other states in a lawsuit attempting to block efforts by the administration of Biden-Harris to make voter registration easier. Mississippi Gov. Tate Reeves, Secretary of State Michael Watson, and Attorney General Lynn Fitch filed the lawsuit in the U.S. District Court for the District of Kansas. Joining the complaint were Iowa, Kansas, Montana, Nebraska, North Dakota, Oklahoma, South Carolina, and South Dakota. They oppose an executive order issued instructing federal agencies to develop strategies to expand voter registration efforts 🇺🇸
Election officials in Arizona and Missouri this week announced that abortion-rights supporters in their states had gathered enough petition signatures to put proposed amendments on the ballot enshrining abortion rights into their states’ constitutions.🇺🇸
https://apnews.com/article/abortion-election-2024-roe-ballot-4403190b898e501b0834053c3417d072
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Massachusetts, California Weigh New Curbs on Private-Equity Medical Acquisitions. Lawmakers consider requiring premerger reviews and debt limits following high-profile failures, seeking to push back against a wave of investment that has reshaped the medical sector in the past decade. 🇺🇸
Dockworkers along the East Coast are threatening to strike in October. Observers tell Axios that wages are the big sticking point. 🇺🇸
https://www.axios.com/2024/08/13/strike-dockworkers-port-workers-east-coast-2024
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Among White House officials and economic advisers NPR spoke with for this story, there was a consensus that Harris’ economic vision is largely aligned with the Biden economic agenda, focused on strengthening the middle class and trying to lower costs. In her stump speeches, she ticks through plans to lower costs that echo the administration’s existing efforts: ban hidden fees and cap unfair rent hikes and prescription drug costs. Another key priority for Harris as vice president has been small-business creation.🇺🇸
In Bucks County, Pennsylvania a razor-thin margin and voter apathy ahead of 2024 presidential election🇺🇸
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