From Team Katie Porter <[email protected]>
Subject Why corporate profits are so high
Date September 13, 2022 12:15 AM
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[ [link removed] ]Katie Porter for Congress

John,

While you pay more for gas and groceries, massive corporations are making
record-breaking profits.

A recent Bloomberg article reports that: A measure of US profit margins
has reached its widest since 1950, suggesting that the prices charged by
businesses are outpacing their increased costs for production and labor.

It’s true that the costs facing companies have risen: A result of all
sorts of things, from supply chain issues to Russia’s war in Ukraine. But
companies are doing more than just passing along rising costs to
consumers. Some big corporations are raising prices to the point of
price-gouging, and it’s time Congress holds them accountable.

[ [link removed] ]Sign our petition telling Congress to hold corporations accountable for
price gouging.

[ [link removed] ]Sign our petition ›››

Katie will always stand up to corporate special interests to lower costs
for families. Earlier this year she introduced legislation to stop Big Oil
companies from price gouging and lower the cost of gas. While this bill
has passed in the House, it’s unfortunately stalled in the Senate.

Katie’s running for re-election so she can continue standing up to
corporate CEOs and fight to lower costs for families. Your support helps
make that possible.

[ [link removed] ]Sign our petition ›››

[ [link removed] ]Donate ›››

–Team Porter

+------------------------------------------------------------------------+
|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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