Skip to main content

Sign up for our newsletter.

Quality journalism. Progressive values. Direct to your inbox.

Corporate gatekeepers and big tech monopolists are making it more difficult than ever for independent media to survive. Please chip in today.

food_market-1

A person shops in the meat section of a grocery store on November 11, 2021 in Los Angeles, California. (Photo: Mario Tama/Getty Images)

82% of US Voters Believe Inflation Is Fueled by Corporations 'Jacking Up Prices'

New survey data shows that voters "want elected officials to challenge corporate greed to lower prices," said one advocate.

Jake Johnson

On the heels of fresh data showing that the U.S. inflation rate jumped to a new 40-year high last month, a new survey found that more than 80% of American voters believe costs are rising in part because "big corporations are jacking up prices" while raking in record profits.

Released Friday by the advocacy group Fight Corporate Monopolies, the poll showed that 82% of registered U.S. voters blame big companies for at least some of the recent inflation spike and want elected officials to "take on powerful CEOs and rein in corporate greed to lower prices."

"Rising prices is the top economic issue for most voters, and they want elected officials to challenge corporate greed to lower prices," Helen Brosnan, executive director of Fight Corporate Monopolies, said in a statement. "Political leaders should directly address rising prices, release plans to combat corporate greed's role in driving prices higher, and put forth arguments that center CEOs and big corporations."

The new survey, based on a sample size of 1,000 respondents, comes as progressives in Congress continue spotlighting corporate price-gouging as a key culprit behind rising prices nationwide even as the White House abandons that narrative, despite data indicating it resonates with voters.

With gas prices surging amid Russia's onslaught against Ukraine, Democrats in the House and Senate introduced legislation on Thursday that would impose a "windfall tax" on oil companies in an effort to "curb profiteering."

"Last year, oil and gas companies made $174 billion in profits," Sen. Bernie Sanders (I-Vt.), a co-sponsor of the legislation, wrote in a Twitter post. "This year they're on track to make more. We cannot allow Big Oil to use Ukraine and 'inflation' as an excuse to rip off Americans."


Our work is licensed under Creative Commons (CC BY-NC-ND 3.0). Feel free to republish and share widely.

We've had enough. The 1% own and operate the corporate media. They are doing everything they can to defend the status quo, squash dissent and protect the wealthy and the powerful. The Common Dreams media model is different. We cover the news that matters to the 99%. Our mission? To inform. To inspire. To ignite change for the common good. How? Nonprofit. Independent. Reader-supported. Free to read. Free to republish. Free to share. With no advertising. No paywalls. No selling of your data. Thousands of small donations fund our newsroom and allow us to continue publishing. Can you chip in? We can't do it without you. Thank you.

Omar Leads Charge Against Baby Formula Monopolies Amid US Shortage

Democrats urge the FTC to probe "any unfair or unsustainable practices, like deceptive marketing, price gouging, and stock buybacks, that may be weakening our nutritional formula supply."

Jessica Corbett ·


'Arbitrary, Racist, and Unfair': Judge Blocks Biden From Ending Title 42

"Only the coyotes profiteering off of people seeking protection have reason to celebrate this ill-reasoned ruling," said one migrant rights advocate.

Brett Wilkins ·


'This Is a War' for Democratic Party's Future, Says Sanders of AIPAC's Super PAC

"They are doing everything they can to destroy the progressive movement in this country," said the senator.

Julia Conley ·


Ginni Thomas Pressed Arizona Lawmakers to Reverse Biden's 2020 Win: Report

"Clarence Thomas' continued service on the Supreme Court is a scandalous and appalling breach of judicial ethics," said one observer. "He is implementing the exact same theories that his wife used to try to steal the 2020 election for Trump."

Brett Wilkins ·


Millions More Kids Going Hungry Since GOP, Manchin Killed Expanded Child Tax Credit

"Even brief disruptions in access to food can have lasting consequences," wrote the authors of a new analysis of worsening hunger among U.S. families.

Kenny Stancil ·

Common Dreams Logo