Hey folks —
Did you hear? Last week Chevron announced $75 BILLION in stock buybacks. And no, that isn’t a typo – that’s billion with a ‘B’.
So basically after a year of literally record profits ($36 BILLION), Chevron has decided to use that surplus to lower prices and give workers a raise. Just kidding – they’re juicing their own stock price, again.
BUT here’s the good news: we fought to include a 1% tax on buybacks just like this one! In fact, that tax was critical to paying for and passing the Inflation Reduction Act. Let’s break it down:
That’s $750 MILLION less going into Chevron’s pocket and instead going to lower energy costs, health care costs, and so much more. But our work is just starting. That’s why protecting our Senate majority and reclaiming the House in 2024 is so important. Because we can make real change to “the way things work.”
Folks, Democrats have made it clear we fight for working families, not billionaires and big corporations. But if we want to maintain oversight and accountability, we need your help. Will you donate $5 – or whatever you can – to help us continue this very important work?
If you've saved your payment information with ActBlue Express, your donation to John Hickenlooper will go through immediately:
None of this would’ve been possible without your support over the years. Working together, I know we can create an America that works for everyone – and we shouldn’t settle for anything less.
Thank you.
— John
