Hi,

Greedy corporations are using inflation as an excuse to jack up prices on
consumers.^1

Corporations are enjoying record profits while they raise prices on
working families who are struggling to keep up with the rising costs of
inflation.^2 Corporate greed is fueling price increases — and if we want
to stop it, we need Congress to start holding corporations accountable.

[ [link removed] ]Sign the petition: Congress should pass the Ending Corporate Greed Act
to halt rising prices!

ADD YOUR NAME

The Federal Reserve has spent months increasing interest rates in its
misguided strategy for controlling inflation. This backward approach has
only driven the economy closer to a recession while inflation continues to
hurt working class Americans. Soaring gas prices helped Chevron raise
their profits by 240%.^3 Companies from Amazon to Hershey to steel
companies to grocery store chains have seen historic profits during this
time of increased inflation and corresponding high costs for everyday
people.^4

While working class people have struggled, CEOs of large corporations like
Disney, Blackstone Mortgage, and Unilever have boasted about their pricing
power and historic corporate profits.^5

We know progressive tax policies can work to help families and rein in
corporations — that’s why we need to pass the Ending Corporate Greed Act.

The bill would tax mega corporations a whopping 95% specifically on
profits made above their average profits during the five years before the
pandemic — in order to discourage price gouging.^6 We need Congress to act
now to help struggling families and put a check on the out of control
profits of these corporations.

[ [link removed] ]Sign our petition urging Congress to stop price gouging corporations
with the Ending Corporate Greed Act!

Thanks for taking action,

Tihi and the team at Demand Progress

[ [link removed] ]DONATE

Sources: 

 1. House Committee on Oversight and Reform, “Subcommittee Analysis
Reveals Excessive Corporate Price Hikes Have Hurt Consumers and Fueled
Inflation, While Enriching Certain Companies,” [ [link removed] ]November 4, 2022.
 2. Bloomberg News, “US Corporate Profits Soar With Margins at Widest
Since 1950” [ [link removed] ]August 25, 2022.
 3. Guardian, “Revealed: top US corporations raising prices on Americans
even as profits surge” [ [link removed] ]April 27, 2022.
 4. Ibid.
 5. American Economic Liberties Project, “The Ending Corporate Greed Act
is Key in Lowering Corporate Incentives to Price-Gouge” [ [link removed] ]March 25,
2022.
 6. Senator Bernie Sanders, “Summary of the Ending Corporate Greed Act”
[ [link removed] ]March 2022.
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