Warren for Senate: [link removed]

Let me
state the obvious here for a second: Grocery store prices are too damn
high.

Giant corporations want you to think that it’s just because of inflation.
But that’s ignoring two other big factors at play here: consolidation and
greed.

You see, when grocery stores have less competition, they have less
incentive to attract consumers with lower prices or higher quality. And
right now, just four big companies — Walmart, Costco, Kroger, and Ahold —
control over 70% of the grocery market in most major cities.

And this isn’t just about companies that own the grocery stores. It’s
about the companies that fill the shelves. A couple of big cereal
manufacturers control nearly 60% of the market. A single company controls
about 20% of the egg market. Four corporations control 85% of the beef
industry and 75% of the pork industry.

How did we get here? Literally hundreds of mergers over the last 50 years.

So with limited competition, grocery store and food giants are enabled to
price gouge consumers and blame inflation. Families are now paying 25%
more for groceries as compared to before the pandemic.

Big food companies want to keep these huge profits and they're hiring
plenty of lobbyists to keep Congress from acting. So I’m encouraging
President Biden to exercise his executive authority to take additional
action to address rising food prices without Congress.

[ [link removed] ]More on my plan below, but we need to show that Americans are paying
attention to this issue and are calling for action. Please add your name
if high grocery store prices are affecting you, and you agree that the
greedy food and grocery store corporations need regulatory intervention.

[ [link removed] ]ADD YOUR NAME

President Biden has been bringing his administration to bear on this issue
— taking robust action to push down costs for families.

Massachusetts Congressman Jim McGovern and I have written a letter to
President Biden urging his administration to continue using all the tools
on his desk like to address rising food prices and lower food prices for
families. This includes:

* Encouraging the Federal Trade Commission (FTC) to work with the U.S.
Department of Agriculture to prohibit exclusionary contracting by
dominant firms in the food industry.
* Urging the Department of Justice (DOJ) and the FTC to scrutinize, and
where appropriate, block mergers and acquisitions in the food and
agricultural sectors.
* Tapping in the DOJ to prosecute actors in the agricultural and food
sectors for price fixing and other anticompetitive behavior.
* Directing the CFTC and FTC to form a joint task force to investigate
food price manipulation throughout the supply chain.

And that’s just to name a few of the tools we have to tackle this. These
actions from the administration would complement my Price Gouging
Prevention Act and Shrinkflation Prevention Act with Senator Bob Casey,
which would crack down on corporate price gouging across the board.

Look, families are identifying the cost of food and groceries as the top
issue they've been facing. The federal government should use every
possible tool to lower food prices — whether that’s by passing legislation
or using the authority of federal departments.

[ [link removed] ]I’m pulling on every lever possible to get relief to working families.
Please add your name to say you support this work and you agree that the
government should step in and hold giant food and grocery store companies
accountable.

Thanks for being a part of this,

Elizabeth







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