President Donald Trump rescinded a Biden administration order on prescription drugs, which could hike prices for Medicare and Medicaid enrollees, while also rolling back protections put in place by President Joe Biden, such as capping annual out-of-pocket prescription costs at $2,000.
Tag: Inflation Reduction Act
Posted inU.S. Government
Oval Office’s executive order could push up prescription drug prices
President Donald Trump rescinded a Biden administration order that aimed to lower the cost of prescription drugs for Medicare and Medicaid enrollees, while also reversing efforts to make it easier to enroll in Medicaid or get insurance coverage under the Affordable Care Act.
Posted inMoney
New report exposes tax system’s role in widening racial wealth gap, calls for urgent reforms
Color of Change and Americans for Tax Fairness have released a report highlighting the deep racial inequities in the U.S. tax system and calling for reforms to make the tax code work for everyone, not just the top 1 percent.
Posted inClimate Change
Summer 2024: From weather extremes to solutions
The Inflation Reduction Act includes funding for climate resilience and infrastructure improvements, and grassroots action and voting for leaders committed to climate change and environmental justice are essential for Black communities to build resilience and protect their communities.
Posted inBUSINESS
AFRO spotlight on Black excellence: Meet Diedre Windsor, the Maryland entrepreneur on the Inc. 5000 list
Windsor Group, a Black, women and veteran-owned business, has been awarded a contract to provide outreach and technical assistance for the USDA’s Discrimination Financial Assistance Program, which aims to provide financial assistance to farmers, ranchers, and forest landowners who have been discriminated against.
Posted inCivil Rights
Historic victory for Black farmers: $2 billion in relief payments announced
After decades of advocacy, Black farmers are now receiving payments from the $2.2 billion Discrimination Financial Assistance Program, a victory that marks a significant step towards addressing racial discrimination in USDA farm lending practices.
Posted inNEWS
Biden and members of Congress work to reduce cost of diabetes medication for all
By Deborah Bailey, AFRO Contributing Editor Diabetes remains at the top of the list as the White House and members of Congress fight to lower prescription drug costs for all diabetic patients. For the second year in a row, President Joseph Biden used this month’s State of The Union address to emphasize his administration’s vow […]
Posted inNational News
Black unemployment hit record low in 2023, Black wealth up 60 percent
By Megan Sayles, AFRO Business Writer, msayles@afro.com In 2020, as the COVID-19 pandemic shut down the world, Black unemployment peaked at 16.8 percent in the U.S. Now, White House officials have reported that 2023 was the lowest year for Black joblessness on record. It currently sits at 5.3 percent. Officials say the recovery was jump […]
Posted inPrince George's County News
‘Bidenomics’ comes to Prince George’s County Community College
By Deborah Bailey, AFRO Contributing Editor President Joe Biden spoke on the state of the country’s economy while visiting students at Prince George’s Community College (PGCC) on Sept. 14. While Republican lawmakers wrangled over the appropriations process recently, Biden reached outside Capitol Hill’s fiscal fight and spoke to community college students, faculty and staff less […]
Posted in!Front Page National News
Biden speaks on economics at Prince George’s County Community CollegeÂ
By Deborah Bailey Special to the AFRO President Joe Biden spoke on the state of the country’s economy while visiting students at Prince George’s Community College (PGCC) on Sept. 14. While Republican lawmakers wrangled over the appropriations process late last week, Biden reached outside Capitol Hill’s fiscal fight and spoke to community college students, faculty […]