From Katie Porter <[email protected]>
Subject $9.99 for bacon
Date May 13, 2022 8:41 PM
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[ [link removed] ]Katie Porter for Congress

Inflation is affecting all of us. I feel it when I go to the grocery store
and put back the $9.99 per pound bacon, when I budget how I’ll pay for
college for my oldest and childcare for my youngest, and when I fill up my
minivan with gas.

There’s a lot of finger pointing for rising costs. But I can say with
confidence, big corporations are taking advantage of uncertainty to price
gouge me and you.

They are not just raising prices to match rising costs. They’re increasing
their prices well beyond to line their own pockets. It’s price gouging,
plain and simple.

While families tighten their budgets to account for rising costs,
corporations are reporting record profits—up 37% last year, the largest
increase since the Fed began tracking profits 74 years ago.

The underlying causes of inflation like supply chain issues, labor
shortages, and the war in Ukraine are all real factors that we need to
address. But corporations are taking advantage of these factors and
profiteering—making inflation so much worse.

Next week the House plans to vote on my bill to stop fossil fuel companies
from price gouging. Passing this bill is an important step, but I’ll
continue pushing Congress to find ways to lower costs for families. I know
there’s more to be done.

Thanks for reading,

Katie Porter

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|Katie is running for re-election in California’s 47th district, which |
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