Skip to main content

Sign up for our newsletter.

Quality journalism. Progressive values. Direct to your inbox.

For Immediate Release

Contact

Karl Frisch, 202-580-5813

Press Release

Report: Conservatives in Congress Obstructing Inflation Solutions Have Received Nearly $9M From Corporate Interests

WASHINGTON -

On the heels of the U.S. Labor Department’s latest Consumer Price Index (CPI) report, government watchdog Accountable.US released a new analysis finding that industry groups and corporations have given nearly $9 million to Republican Members of Congress who are obstructing any and all of President Biden’s plans to fight inflation and bring down costs for everyday families. The report analyzed four of President Biden’s priorities to lower costs — housing, prescription drugs, childcare, and clean energy — finding that corporate interests have poured millions into the campaigns of lawmakers preventing many of these cost-saving solutions from passing.

Among Accountable.US’ findings, the real estate industry has given over $3 million to Congressional Republicans who denounced President Biden’s Housing Supply Action Plan or voted against Build Back Better (BBB) and its pro-housing provisions. Biden's Housing Supply Action Plan includes several concepts previously proposed in BBB that would bring down housing costs and have been commended by several real estate industry groups.

“Across industries, corporations boasting of record profits have shown their excessive price increases were unnecessary and driven by greed -- and many have only made matters worse by rewarding the behavior of those in Congress obstructing real solutions for bringing down costs for everyday families. Corporate interests are throwing money at conservatives in Congress that complain constantly about inflation challenges and yet refuse to lift a finger to help do anything constructive about it,” said Kyle Herrig, president of Accountable.US. “Millions of dollars in corporate donations only encourages those in Congress who say ‘no’ to an expanded child credit or allowing Medicare to negotiate cheaper drug prices to continue sabotaging economic progress for working families for their own selfish political gain.”

The new report follows Accountable.US’ previous research over the last several months on how clear pandemic profiteering and corporate greed from the big oil, meat packing, shipping, retail, clothing, food, trucking and railroad companies are making inflation/supply chain problems worse for everyday consumers. In our view, big industries are only compounding the problem by rewarding those in Congress obstructing every commonsense measure to fight inflation that comes before them, no matter how widely the public supports the initiatives.

KEY FINDINGS FROM THE REPORT:

###

Accountable.US is a nonpartisan watchdog that exposes corruption in public life and holds government officials and corporate special interests accountable by bringing their influence and misconduct to light. In doing so, we make way for policies that advance the interests of all Americans, not just the rich and powerful. 

Dems Threaten to Subpoena FTI Consulting Over 'Blanket Refusal' to Provide Info on Fossil Fuel Work

"FTI's refusal to cooperate with this congressional inquiry shows that they have something to hide, which will reveal the dangerous ways agencies like theirs have promoted fossil fuel greenwash and misinformation," said the Clean Creatives campaign's leader.

Jessica Corbett ·


Bad Day for DeSantis as 'Stop WOKE Act' Hit With Injunction, Lawsuit

"If Florida truly believes we live in a post-racial society, then let it make its case," a federal judge wrote in blocking part of the controversial law. "But it cannot win the argument by muzzling its opponents."

Brett Wilkins ·


US Judge Says Mar-a-Lago Affidavit 'Can Be Unsealed' With Redactions

"This is going to be a considered, careful process, where everybody's rights, the government's and the media's, will be protected," declared U.S. Magistrate Judge Bruce Reinhart.

Jessica Corbett ·


Federal Judge Orders Starbucks to Rehire Fired Union Organizers in Memphis

"It was a ruling in favor of what's right," said one member of the Memphis Seven. "We knew from day one that we were going to win this, it just took time."

Brett Wilkins ·


Activists Arrested While Protesting 'Dirty Pipeline Deal' Outside Schumer's Office

"Sen. Schumer is sacrificing frontline communities and our clean energy future, all to placate a coal baron," said one organizer, referring to the majority leader's side agreement with Sen. Joe Manchin.

Kenny Stancil ·

Common Dreams Logo