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Katie Porter pulls out chart at hearing to show corporate greed is the “biggest driver of inflation”
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Tue, Jan 30, 2024 09:07 PM
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In 2022, amidst rising inflation, I’m sure you’ll remember there was a lot of finger point
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[Katie Porter for Senate]( In 2022, amidst rising inflation, Iâm sure youâll remember there was a lot of finger pointing. Was it supply chains, interrupted by war and the pandemic? Greedy corporations? Washingtonâs failure to act? All three played a role. And I was deeply disappointed that the Senate never even bothered to vote on my bill that would have made price-gouging by oil companies illegal. But in fall of 2022, armed with lots of data, I used a Congressional Hearing to get answers from an economist who confirmed what I saw the numbers pointing to: record, rising corporate profits were accounting for at least half of the higher prices consumers were paying. Big corporations still are trying to play the victim hereâsaying theyâre just passing on higher costs to customers. But oftentimes, thatâs BS. From July through September 2023, the most recent period we have data for, corporate profits were just shy of the record peak they reached in 2022. Collectively, big corporations are making more than a *trillion* dollars more every three months than they were in 2017. Itâs on Congress to rein in these corporations. Too many billionaires are getting richer while more and more families canât afford rent. And thatâs exactly why Iâm running for the U.S. Senate. Iâm the only Democrat in this race who has never taken a dime from corporate PACs, but now Iâm being outspent by my opponent who has taken these checks for decades. I need your support if weâre going to compete. [Our January end-of-month deadline is Wednesday at midnight. Is there anything you can give today?]( [Donate âºâºâº]( Thanks in advance. I canât do this without you! Katie Katie is running for the U.S. Senate because Californians deserve a warrior fighting for them in Washington. Our campaign is people-powered, we donât take a dime from corporate PACs, federal lobbyists, or executives from Big Oil or Big Pharma. [Donate âºâºâº]( This email was sent to [{EMAIL}](#). Email is a critical way we communicate with grassroots supporters like you. However, if you would like to change your subscription preferences, here are some options: - [Receive Fewer Emails](
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Katie Porter for Senate
PO Box 5176
Irvine, CA 92616 Email us: info@katieporter.com Paid for by Katie Porter for Senate  Â
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