Close Menu
Money MechanicsMoney Mechanics
    What's Hot

    3 Battered Stocks Under $10 Worth Buying Right Now

    May 13, 2026

    Federal Reserve Board – Federal Reserve Board issues Economic Well-Being of U.S. Households in 2025 report

    May 13, 2026

    May 2026: BLS April Inflation

    May 13, 2026
    Facebook X (Twitter) Instagram
    Trending
    • 3 Battered Stocks Under $10 Worth Buying Right Now
    • Federal Reserve Board – Federal Reserve Board issues Economic Well-Being of U.S. Households in 2025 report
    • May 2026: BLS April Inflation
    • Trump, Xi to weigh tariff cuts on $30 billion of imports in managed trade push
    • How 26 Degrees Enabled its Institutional Broker Clients to Scale Distribution to Millions of Retail End Users Without Breaking Their Data Budget
    • What You Need To Know About The GLP-1 Medicare Bridge, $50 Drugs
    • Electricity generation from solar could exceed coal in ERCOT for the first time in 2026
    • Gold Futures Trade in Tight Range as Traders Await Trump-Xi Meeting Outcome
    Facebook X (Twitter) Instagram
    Money MechanicsMoney Mechanics
    • Home
    • Markets
      • Stocks
      • Crypto
      • Bonds
      • Commodities
    • Economy
      • Fed & Rates
      • Housing & Jobs
      • Inflation
    • Earnings
      • Banks
      • Energy
      • Healthcare
      • IPOs
      • Tech
    • Investing
      • ETFs
      • Long-Term
      • Options
    • Finance
      • Budgeting
      • Credit & Debt
      • Real Estate
      • Retirement
      • Taxes
    • Opinion
    • Guides
    • Tools
    • Resources
    Money MechanicsMoney Mechanics
    Home»Personal Finance»Credit & Debt»New Bill Aims to Cut Grocery Costs, Bringing Financial Relief to Households
    Credit & Debt

    New Bill Aims to Cut Grocery Costs, Bringing Financial Relief to Households

    Money MechanicsBy Money MechanicsSeptember 19, 2025No Comments3 Mins Read
    Facebook Twitter LinkedIn Telegram Pinterest Tumblr Reddit WhatsApp Email
    New Bill Aims to Cut Grocery Costs, Bringing Financial Relief to Households
    Share
    Facebook Twitter LinkedIn Pinterest Email



    Key Takeaways

    • Rep. Haley Stevens (D-MI) recently introduced the “No Tariffs on Groceries Act,” which would require congressional approval before the president can impose grocery tariffs.
    • The proposal comes as grocery inflation remains elevated, with the Yale Budget Lab estimating that tariffs will raise food prices by 3.4% in the short run.
    • However, the Supreme Court is already set to weigh in on the legality of many of President Donald Trump’s tariffs later this year, which will determine whether some tariffs will remain.

    One congresswoman is trying to mitigate the impact that tariffs have on people’s grocery budgets.

    This week, Rep. Haley Stevens (D-MI), proposed a new bill, known as the “No Tariffs on Groceries Act” that would require the president to seek approval from Congress before imposing tariffs on groceries.

    This new bill comes just months after President Trump announced sweeping tariffs on imported goods. In order for a bill to become a law, it must be passed by a majority vote in both the House and Senate before it’s signed by the President.

    “The one thing I hear over and over again from Michiganders is that Donald Trump’s tariffs are making everything more expensive—especially groceries. Michigan has had enough of Donald Trump’s price hikes, and I am taking on these erratic tariffs to bring relief to Michigan families,” Stevens said in her announcement earlier this week.

    While inflation on food has fallen from a peak of more than 11% in 2022, inflation on food remains hot, clocking in at 3.2% year-over-year as of August 2025.

    But that’s overall food—including both food at home (groceries) and food away from home (takeout). Inflation on groceries, or food at home, was 2.7% year-over-year in August, and up 0.6% from where it was in July.

    In a recent Associated Press-NORC Center for Public Affairs poll, 53% of Americans reported that the cost of groceries was a major source of stress in their life right now.

    According to a Yale Budget Lab analysis, the Trump tariffs are expected to result in a 3.4% increase in food prices in the short term and an even higher increase (4.1%) in produce prices.

    Among the foods that could be particularly affected by tariffs are those that cannot be easily grown or produced in the U.S., such as coffee and bananas. However, some food items from Mexico and Canada are already exempt from tariffs under a 2020 trade agreement.

    Where Do Tariffs Stand Otherwise?

    And while the bill would require President Trump to gain approval from Congress before levying tariffs on food, the legality of many of Trump’s tariffs is already in dispute.

    In November, the Supreme Court is scheduled to hear arguments on whether the president can impose certain tariffs without congressional authorization. This is because President Trump enacted some tariffs under a federal law known as the International Emergency Economic Powers Act, which lets the president exercise economic powers during a national emergency.

    If the Supreme Court rules that these tariffs are unlawful later this year, many of Trump’s tariffs will be abolished—though the Trump administration could try to pass the tariffs under different laws.

    The Bottom Line

    While grocery prices continue to strain household budgets, proposed Congressional legislation offers a potential check on future food cost increases by requiring congressional approval for grocery tariffs. With the Yale Budget Lab projecting tariffs could raise food prices by 3.4% in the short run—and produce prices by 4.1%—this legislation could provide relief for the 53% of Americans who report grocery costs as a major source of stress. 



    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Telegram Email
    Previous ArticleWhy Jerry Quit Ben & Jerry’s: 5 Signs It May Be Time for You to Leave Too
    Next Article Trump-Xi Talks Boost Stocks to New Highs: Stock Market Today
    Money Mechanics
    • Website

    Related Posts

    Our New Health Plan Offers an HSA. Is the Triple Tax Benefit Worth the Hassle?

    May 13, 2026

    How Can a Professor Protect Herself From Demanding Students?

    May 12, 2026

    Why You Need to Start Your Social Security Claim 4 Months Early

    May 11, 2026
    Add A Comment
    Leave A Reply Cancel Reply

    Top Posts

    3 Battered Stocks Under $10 Worth Buying Right Now

    May 13, 2026

    Federal Reserve Board – Federal Reserve Board issues Economic Well-Being of U.S. Households in 2025 report

    May 13, 2026

    May 2026: BLS April Inflation

    May 13, 2026

    Trump, Xi to weigh tariff cuts on $30 billion of imports in managed trade push

    May 13, 2026

    Subscribe to Updates

    Please enable JavaScript in your browser to complete this form.
    Loading

    At Money Mechanics, we believe money shouldn’t be confusing. It should be empowering. Whether you’re buried in debt, cautious about investing, or simply overwhelmed by financial jargon—we’re here to guide you every step of the way.

    Facebook X (Twitter) Instagram Pinterest YouTube
    Links
    • About Us
    • Contact Us
    • Disclaimer
    • Privacy Policy
    • Terms and Conditions
    Resources
    • Breaking News
    • Economy & Policy
    • Finance Tools
    • Fintech & Apps
    • Guides & How-To
    Get Informed

    Subscribe to Updates

    Please enable JavaScript in your browser to complete this form.
    Loading
    Copyright© 2025 TheMoneyMechanics All Rights Reserved.
    • Breaking News
    • Economy & Policy
    • Finance Tools
    • Fintech & Apps
    • Guides & How-To

    Type above and press Enter to search. Press Esc to cancel.