Round Up-March 2022

THE GOVERNOR’S VETO PEN IS GETTING A WORKOUT, BUT IS GAS TAX RELIEF STILL ALIVE? – MI CHAMBER
Late last week, Governor Whitmer vetoed a measure that would have provided a $2.5 billion tax cut for Michigan families and seniors and hinted that another bill, which would suspend the state’s gas tax to provide Michiganders relief at the pump, would also be vetoed in the coming days

BIPARTISAN LAWMAKERS PUSH FOR IRS ANSWERS ON PROBLEMS FACING TAXPAYERS (CNBC.COM)
A group of bipartisan lawmakers is pressing the IRS for answers on lingering issues amid a backlog of millions of unprocessed returns.

Senate Passes Bill to make Daylight Saving Time Permanent Starting in 2023 (msn.com)
The Senate on Tuesday unanimously approved a bill that would make Daylight Saving Time permanent beginning in November 2023, a significant leap forward in the push to ensure an extra hour of sunlight at the end of the day all year round.

FEDERAL RESERVE HIKES INTEREST RATES FOR THE FIRST TIME SINCE 2018 – CNN
New York (CNN Business)The Federal Reserve is raising interest rates for the first time since 2018, the central bank announced Wednesday at the conclusion of its highly anticipated two-day monetary policy meeting. The move marks the end of the Fed’s pandemic-era easy money policy and comes amid soaring inflation across America. The federal funds rate now stands at 0.25-0.5%.