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John,

ExxonMobil just announced that it had $56 billion in profits in 2022 alone. That comes out to $6.3 million per hour, or more than $100,000 per minute.

Exxon’s news follows announcements that Pfizer raked in $31.4 billion in profit and Chevron ended 2022 with more than $36 billion in profit.

At a time when millions of Americans are struggling to get by and put food on the table, it’s obscene for big corporations to be price gouging consumers in order to maximize profit.

Tell Congress: Pass a windfall profits tax to rein in excessive corporate profits.

 

 

In remarks at the White House last year, Pres. Biden called on oil companies to "act beyond their narrow self-interest." If they don’t, he warned, "they’re going to pay a higher tax on their excess profits and face higher restrictions."

"It’s time for these companies to stop war profiteering, meet their responsibilities in this country and give the American people a break," Pres. Biden continued.

Now, as more and more evidence comes in showing that companies like Exxon, Chevron and Pfizer are greedily taking advantage of consumers, it’s time for Democrats to move forward with a windfall profits tax on big corporations.

Tell Congress: Pass a windfall profits tax to rein in excessive corporate profits.

Cliff

 
 
 
 

Cliff Schecter

President, Blue Amp Action

Amplify Good

 

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About BlueAmp Action:

We cannot sugarcoat the current situation. Right-wing authoritarianism, defeated by a worldwide coalition during WWII, was only in hibernation. Over the past decade it has infected democratic societies--including ours. It is as simple as it is terrifying: What we do now will define the future of our country and world. 

We at Blue Amp Action are dedicated to liberal, open societies, where reason and science are applied to solve our problems; where civil rights--including voting rights!--are protected for all. We fight for these values every day. Speaking up on our platforms, raising the voices and the political prospects of liberal pols and pundits. 

And savvy grassroots activists like you know, just like we do, that we can’t stop watching the people we help elect: after the elections, we have to keep organizing support for the policies we like and pushing back against the ones we don’t.

When the public tunes out between elections and the only people our elected officials hear from are the paid lobbyists of wealthy corporations, our government stops being accountable to the needs of ordinary families.

Democracy never sleeps, and neither can we.

So we ask that you support our work, so we can continue to engage in this fight every moment of every day. So our kids grow up in democracy, not dystopia.

Thank you for your support for all we do! Please follow Cliff Schecter on Twitter @cliffschecter, or subscribe to The Takedown with Cliff Schecter on YouTube, to keep up to date with this battle for the heart and soul of our country.

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