“Big Oil is intentionally profiteering off the war in Ukraine,” said one campaigner. “We need a Big Oil windfall profits tax.” Chevron and ExxonMobil announced Friday that their profits surged during the first quarter of 2022, prompting fresh calls for a windfall tax as the U.S.-based oil giants continue to exploit Russia’s war on Ukraine to […]
“Corporations are looting America,” said former Labor Secretary Robert Reich. In a year when many U.S corporations enjoyed record-breaking profits, some of the wealthiest companies in the nation paid little-to-no taxes according to a new analysis—or even accepted tax refunds—while working Americans continued paying their normal tax rates and faced rising prices for essentials. That’s according […]
By introducing a bill to prevent Joe Biden from wiping out student debt, “aren’t Republican senators admitting that student debt cancellation is within the authority of the president?” asked one journalist. Republican lawmakers on Wednesday inadvertently acknowledged that President Joe Biden has the power to wipe out federal student loan debt with the stroke of a […]
New data reveals a massive “transfer of wealth” from the working class, which is paying higher prices as consumers, to the investor class reaping the financial benefits. As inflationary pressure drives up costs throughout the economy, a new analysis out Wednesday reveals that corporations are raking in record profits by jacking up prices at the grocery store, gas pump, and […]