John, we cannot continue to force struggling, working families to pay the price for the greed of large, profitable corporations.
Just last week, we watched as venture capitalists and tech investors were bailed out after the biggest bank failure since 2008 occurred in Silicon Valley — a failure made possible by Republicans who weakened bank regulations in the first place under the Trump Administration. And yet, working-class Americans continued to be sidelined.
Jamaal is determined to be a voice for working-class people and families across the country. That's why he and Senator Bernie Sanders introduced the Ending Corporate Greed Act last year in efforts to finally prioritize the economic reality of working-class people.
Our current economy does not work for the people. Over the past three years, our communities have had to grapple with a global health pandemic, a burgeoning war, and immense inflation. All of which has led to a boost in price gouging Americans at the gas pump, the grocery store, and almost any other sector of our economy.
Instead of asking citizens to continue paying higher and higher prices for gasoline, food, and other basic necessities, the time has come to demand that large, profitable corporations make less money.
Jamaal and Bernie first teamed up last year to introduce the Ending Corporate Greed Act in response to corporations capitalizing off a global health pandemic — squeezing customers who rely on them for essential goods and services.
The Ending Corporate Greed Act will impose a 95% tax on the windfall profits of corporations with more than $500 million in annual revenue. It will eliminate the incentive for companies to use inflation as an opportunity to prey on the public to further enrich their executives and shareholders. And, in likeness to past windfall profit taxes enacted during times of crisis, this bill will ensure that companies are unable to profiteer off of wars.
It's time our economy worked for working-class people. Jamaal believes that everyone should have the opportunity to thrive, not just survive. Please add your name in support of the Ending Corporate Greed Act. and Rep. Bowman's efforts to ensure the economic justice we deserve.
The Ending Corporate Greed Act has the potential to make a major impact in how we take on our day to day costs, but only if we can build enough support for Rep. Bowman's work in Congress.
In solidarity,
Bowman for Congress
