A new investigation has found that the same corporations that profited greatly from rising inflation last year have also donated millions to Republicans who are trying to blame Democrats for inflation.
“You don’t see any correlation between inflation and the generosity of fiscal relief. Inflation is up everywhere, regardless of whether countries were stingy or generous,” Economic Policy Institute director Josh Bivens. “You also have to think, ‘What did we get for a couple of percentage points of inflation?’ We got 6.5 million jobs created over a 13-month span – that is an incredibly fast rate of growth that just absolutely dwarfs any other recovery we’ve had before.
Republicans are also opposed to policies suggested by Democrats that could stop the price gouging and ease the burden on working class Americans. Last month, Sen. Bernie Sanders that would levy a 95 percent tax on all excess profits for large corporations in order to ensure that companies aren’t taking advantage of crises like the pandemic and conflict abroad to price gouge.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Nasdaq jumps 2% as stocks rally, oil hits $104Stock investors weigh a record-high inflation report and a fresh batch of corporate earnings.
Read more »
Biden predicted inflation hit its 'peak' in December, but March numbers show CPI at 40-year highInflation hit a new 40-year high in March, casting doubts on President Biden's claims that inflation would start to cool in 2022.
Read more »
Biden aide slammed for saying Rick Scott 'in lockstep' with Putin over inflation: ‘Shameful messaging’A senior Biden administration aide was roasted on Tuesday for declaring that Sen. Rick Scott is 'fully in lockstep' with Russian President Vladimir Putin after he hit Biden on record inflation numbers.
Read more »
Dem Senate candidates blame inflation on corporate greed and Russia, not government spendingSenate Democratic candidates in key swing states are trying to blame record-setting inflation on the Russia-Ukraine crisis and corporate greed, not government spending, despite criticism that the party's $1.9 trillion American Rescue Plan has contributed to the crisis.
Read more »
Inflation is accelerating under Biden and it's a tax no American voted forOPINION: Inflation is accelerating under Biden and it's a tax no American voted for
Read more »
Washington Post columnist suggests Biden should allow more immigrants into US to fix rising inflationA Washington Post columnist suggested on Monday that President Biden could solve the mounting inflation crisis by allowing more immigrants to enter the United States.
Read more »