Big Oil cares about one thing and one thing only:
Padding its profits.
We just learned that Exxon set a record for profits last year -- and a historic high for the entire Western oil industry -- raking in $56 billion. That’s over $6 million an hour.
Exxon wasn’t the only corporation to make out. Major oil companies made nearly $200 billion combined last year.
Don’t let anyone tell you corporations can’t pay their workers fair wages or lower their prices.
Corporations could reinvest their exorbitant profits in their workforces and the real economy but instead line their executives’ and shareholders’ pockets. (Exxon gave $30 billion to shareholders last year.)
I introduced and President Biden signed into law a measure that will tax stock buybacks to make sure corporations pay their fair share and encourage them to reinvest in the workers who make their profits possible.
I’m fighting for accountability from the biggest corporations in our country. I’m fighting to make our economy work for everyone -- not just Wall Street. And I’m fighting for the Dignity of ALL Work.
We're taking on powerful corporations and standing on the side of working people, and I want to know if you’ll stand with us. If you will, add your name to mine.
With gratitude,
Sherrod
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