Washington, DC – Monday, President Joe Biden signed into law H.R. 82 The Social Security Fairness Act, legislation that repeals the Windfall Elimination Provision (WEP) and Government Pension Offset (GPO). Senator Lisa Murkowski (R-Alaska), who has co-sponsored the legislation every year since 2003, praised the long over-due passage of the law. “I have been working on […]
One advocate said Moderna’s windfall was a “direct result of the company’s refusal to share vaccine technology with the Global South, even when it was clear that global shortages would be deadly.” The Massachusetts-based pharmaceutical giant Moderna announced Thursday that it brought in over $19 billion in revenue and $8.4 billion in profits in 2022 […]
“This is the right thing for President Biden to do,” said Rep. Ro Khanna. “It’s time to hold Big Oil accountable for high gas prices and put that money back in the pockets of Americans.” Following months of sustained pressure from progressive campaigners and members of Congress, President Joe Biden on Monday is reportedly planning to […]
“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. ExxonMobil indicated in a securities filing submitted just ahead of the holiday weekend that its profits doubled in the second quarter of 2022 compared to the first […]