A new investigation has found that the same corporations that profited greatly from rising inflation last year have also donated millions to Republicans who are trying to blame Democrats for inflation.
“You don’t see any correlation between inflation and the generosity of fiscal relief. Inflation is up everywhere, regardless of whether countries were stingy or generous,” Economic Policy Institute director Josh Bivens. “You also have to think, ‘What did we get for a couple of percentage points of inflation?’ We got 6.5 million jobs created over a 13-month span – that is an incredibly fast rate of growth that just absolutely dwarfs any other recovery we’ve had before.
Republicans are also opposed to policies suggested by Democrats that could stop the price gouging and ease the burden on working class Americans. Last month, Sen. Bernie Sanders that would levy a 95 percent tax on all excess profits for large corporations in order to ensure that companies aren’t taking advantage of crises like the pandemic and conflict abroad to price gouge.
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