Jack, corporate price gouging is a significant problem affecting Americans everywhere. Corporate profits have reached an all-time high of $2 trillion thanks to price hikes made possible due to dwindling industry competition.
Sign the petition to Congress: Pass legislation that holds corporations accountable for price gouging.
SIGN THE PETITION
On top of decreasing competition, companies are using inflation as a pretext to jack up consumer prices while raking in record-high profits. The major driving force for inflation is corporate greed, not gas prices or other external factors.
Congress must crack down on unchecked corporate greed. Sen. Bernie Sanders introduced the Ending Corporate Greed Act, which specifically aims to end corporate price gouging. Similarly, Rep. Katie Porter introduced legislation that would "strengthen accountability for big corporations that engage in coordinated price hikes" by closing loopholes companies exploit to avoid antitrust liability.
Congress must pass these bills to rein in price gouging and relieve the current financial pressure consumers face.
Sign the petition: Congress must pass legislation that takes action against corporate greed and price gouging.
SIGN THE PETITION
Keep fighting,
Mayra Souza, Daily Kos
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