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Top Fed Official Says Corporate Price Hikes Are Fueling Inflation

While Federal Reserve Vice Chair Lael Brainard gave a nod to what one observer called "the elephant in the room," her core message—that monetary tightening is needed to tackle inflation—drew progressive pushback.

Brett Wilkins ·


'Chickensh*t': Watchdogs Criticize Biden DOJ's New Corporate Crime Plan

The Justice Department's new approach to tackling corporate crime is "a modest step forward when a great leap is required," said the president of Public Citizen.

Jake Johnson ·


'Terrible Idea': Biden Preparing to Shift Costs of Covid Treatments, Vaccines to Patients

"We must push back," said one doctor. "Free provision of vaccinations, Paxlovid, and monoclonals has been critically important."

Kenny Stancil ·


Biden Urged to Embrace Windfall Tax as Exxon Says Profits Doubled in Second Quarter

"It's time for the president to demand that Congress pass a windfall profits tax on Big Oil and use the revenue to provide rebates to consumers NOW!" wrote Sen. Bernie Sanders.

Jake Johnson ·


'Corporate Greed Is Destroying This Economy': Sanders Pushes for Windfall Profits Tax

"Gas is over $5 a gallon. Why? Well, oil companies made $93 billion in profits in the first quarter and are spending $88 billion on stock buybacks."

Jake Johnson ·


Documents Show Baby Formula Maker Enriched Shareholders Amid Deadly Bacteria Outbreak

"Abbott chose to prioritize shareholders by issuing billions of dollars in stock buybacks instead of making productive investments," said one economist.

Jake Johnson ·


While Hoarding Vaccine Recipe, Moderna Got Another $300 Million From US Taxpayers

"We take on the risk. They take away the profits," said one vaccine equity advocate.

Jake Johnson ·


'I Am Not for Sale,' Says Nina Turner as Billionaire-Funded Super PAC Backs Opponent

"There is a clear difference in this race. One of the candidates in this primary is for sale," said the progressive running to represent Ohio's 11th Congressional District.

Jake Johnson ·


Sanders to Hold Hearing on 'How Corporate Greed and Profiteering Are Fueling Inflation'

"The American people," said the Senate Budget Committee chair, "are sick and tired of being forced to pay outrageously high prices for gas, rent, and food while large corporations make out like bandits."

Jessica Corbett ·


Sanders Intros Revival of 95% Windfall Profits Tax From WWII to Curb Corporate Greed

"We cannot allow big oil companies and other large, profitable corporations to continue to use the war in Ukraine, the Covid-19 pandemic, and the specter of inflation to make obscene profits by price gouging Americans."

Jessica Corbett ·

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