'Instead of just relying on job-killing interest rate hikes, policymakers should directly address the problem of price gouging.'
These are just a few recent examples of how big corporations and their CEOs have continued to take advantage of the pandemic, supply chain issues, and the war in Ukraine to increase their profits at the expense of working people.
After a summer of high prices and tough economic news, some bright spots are starting to emerge. Gas prices have from their record highs, key measures of inflation have shown signs of slowing, and congressional Democrats passed the landmark Inflation Reduction Act, which will lower prescription drug and health care costs for millions of Americans.to curb inflationInstead of just relying on Fed officials—who have made it clear they will drive the economy into recession to get inflation down—policymakers should attack the problem head on in a way that protects working Americans' jobs.
Beyond the Inflation Reduction Act, congressional Democrats have introduced several additional bills that would help curb corporate price gouging. Some examples include the
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