Their plan is based on something Harry S. Truman did when he was in the Senate. Six senators this week sent a letter to Senate Majority Leader Chuck Schumer calling for him to “reconstitute the World War II-era Truman Committee to investigate war profiteering and price gouging in the American military industrial complex.” The senators include Sens. Bernie […]
“Congress must put an end to this form of corporate welfare,” the senator said, arguing that one new way to do that involves reviving an old policy. U.S. Sen. Bernie Sanders has a novel way to stop military-industrial complex profiteers from “bilking the American people”—and it’s actually over 80 years old. In an article published Tuesday in The Atlantic, Sanders […]
“Many large firms, beyond just the commodities sector, are using their power to preserve their profit margins,” said the co-author of a new report. A pair of London-based think tanks released research Thursday showing that corporate profits contributed substantially to the high inflation that the United States, Germany, the United Kingdom, and other major nations experienced amid […]
“Escalating CEO pay in recent decades has likely pulled up the pay of other top earners,” notes a new Economic Policy Institute report. “This concentration of earnings at the top leaves fewer gains for ordinary workers.” A new analysis by the Economic Policy Institute shows that top U.S. CEOs saw their total compensation rise by 1,209% between 1978 and […]