[ [link removed] ]Pramila Jayapal
John, big
corporations are trying to use taxpayer dollars to subsidize massive
windfalls for their wealthy executives and shareholders — but Pramila and
Elizabeth Warren are leading the fight to stop this corporate greed.
It’s true: $8.5 billion from the CHIPS Act is going to a corporation that
has plans to make a $7.24 billion “stock buyback” – a tool that
corporations use to provide massive payouts for CEOs and Wall Street.
That’s not right. Our taxpayer dollars shouldn’t help line the pockets of
the rich and powerful. It should go toward constructing a fair, strong
economy.
Thankfully, Pramila and Elizabeth Warren are fighting back. They just
released a scathing letter that calls out this corporate greed for what it
is and demands the U.S. Commerce Department live up to the promises made
to Pramila when the CHIPS Act was first passed by Congress: Corporations
can’t use CHIPS funding to subsidize stock buybacks.
Pramila is showing up for working people and holding big corporations
accountable for their greed. This is what it means to fight for an economy
that works for EVERYONE — not just those at the top.
[ [link removed] ]But she needs our help to keep up this necessary work long past
Election Day. Will you chip in $3 today to help re-elect
Pramila this year?
[ [link removed] ]Contribute
We need Pramila in office to continue to advocate for the justice we
deserve.
In solidarity,
Jayapal HQ
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