[ [link removed] ]Katie Porter for Congress

John, whether
it's $9.99 for bacon (to my kids' dismay) or more than $6 per gallon for
gas–big corporations are price gouging Americans. Let me break it down for
you:

We know this is price gouging and not just inflation because:

 1. Big Oil is raising gas prices disproportionately higher than the cost
of barrels of oil.
 2. Companies like Shell are reporting $9.1 billion in profits last
quarter, three times higher than this time last year.

Why hasn't someone stopped them?

 1. Because the federal government doesn't have the ability to investigate
price gouging, these powerful corporations are left unchecked (and the
money they give to many Republicans certainly helps them keep it that
way).

Here's what we need to do to fix it:

 1. Pass legislation (like the bill I introduced–the Consumer Price
Gouging Prevention Act) that will make price gouging illegal so that
the federal government can hold these bad actors accountable. This
bill passed the House but is stalled in the Senate.
 2. Crack down on monopolies which result in higher prices. It's the
simple equation you probably learned about in high school economics.
You will get a better price for pasta if there are ten big companies
in the game rather than two or three.

We need an economy that is strong, stable, and globally competitive.
Capitalism requires competition, and I'm proud to keep fighting for an
economy that works for working people–not just big corporations.

Katie

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|Katie is running for re-election in California's 47th district, which |
|includes Irvine and coastal Orange County. This purple district contains|
|an equal number of Democrats and Republicans and is a must-win for |
|Democrats. Consider pitching in today so we have the resources to keep |
|Katie in Congress fighting for working people. |
| |
| [ [link removed] ]Donate ››› |
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