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The Progressive

NewsWire

A project of Common Dreams

For Immediate Release
Groundwork Collaborative
Contact:

press@groundworkcollaborative.org

Voters Blame Corporate Price Gouging for Inflation, Strongly Support Policies Tackling Issue Head-On

Voters list inflation as the “most important economic problem facing the country today;” majority blame “large corporations taking advantage of the pandemic to raise prices”

80% support “crack[ing] down on large corporations that raise prices unfairly,” including 79% of independents and 74% of Republicans

***Read the full poll here***

WASHINGTON

Today, Groundwork Collaborative released a new poll from Data for Progress gauging the public's perceptions on recent inflation. The results, as mentioned in Yahoo Finance, showed that a majority of voters blame large corporations for price increases and strongly support policies that address monopoly behavior and corporate profiteering head-on.

"Big corporations aren't shy in telling their investors how they're taking advantage of the pandemic to jack up prices and pad their own profits - and the public is noticing," said Groundwork's Executive Director Lindsay Owens. "Policymakers should listen to voters by cracking down on corporations raising prices unfairly, addressing corporate consolidation and monopoly power, and increasing taxes on corporations."

Top points from the new poll (see the full polling deck here):

  • 63% believe that "large corporations are taking advantage of the pandemic to raise prices unfairly on consumers and increase profits" vs. 29% who believe "large corporations have no choice but to raise prices in response to rising costs."
  • 80% support the federal government "Crack[ing] down on large corporations that raise prices unfairly, and promot[ing competition between businesses to lower prices for consumers and small businesses." This includes 79% of independents and 74% of Republicans.

Data for Progress conducted a survey of 1,549 likely voters nationally between Feb. 18 and 22 using web panel respondents. The sample was weighted to be representative of likely voters by age, gender, education, race, and voting history. The margin of error is +-3 percentage points.

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The Groundwork Collaborative is dedicated to advancing a coherent and persuasive progressive economic worldview and narrative capable of delivering meaningful opportunity and prosperity for everyone. Our work is driven by a core guiding principle: We are the economy. Groundwork Collaborative envisions an economic system that produces strong, broadly shared prosperity and power for all people, not just a wealthy few.