Hold corporations accountable. Windfall Profits Tax now!

Tell Congress: We urge you to pass a Windfall Profits Tax to hold corporations accountable for price gouging. SIGN THE PETITION! Corporations kept claiming that so-called inflation forced them to raise prices at the grocery store, drugstore, and everywhere else. But it's corporate greed and record corporate profits that are keeping prices high — CEOs don't want to lose out on their ever-increasing salaries and bonuses. A new report shows that increased corporate profits are a major driver keeping costs high. Costs for consumers are STILL up 3.4% despite the cost of production being up only 1%. Congress needs to step in and punish corporations for price gouging. We need a Windfall Profits tax now to take profits back and put them to work for all Americans, not just wealthy CEOs. Sign the petition: Congress must pass a Windfall Profits tax to hold corporations accountable for price gouging. Here's just one example of the corporate price gouging: Diaper prices have gone up 30% since 2019 — and prices have remained sky-high even when production costs dropped. And it just so happens that two companies control 70% of the market-share for selling diapers in America. Why would the CEO of Procter & Gamble want to lower the price of diapers when corporate profits are soaring? That's why we need Congress to step in, control corporate greed and pass a Windfall Profits Tax. This measure would place a 95% tax on a company's profits that are in excess of their average profit level from 2015-20193 — ensuring that companies aren't taking advantage of the pandemic and price gouging to reap record profits now. This proposal — championed by Senator Bernie Sanders and President Biden — would go a long way toward undoing the rapidly-increasing expenses that families are paying in the wake of the pandemic. Sign the petition and demand that Congress pass a windfall profits tax to curb reckless and rampant price-gouging across the country. ADD YOUR NAME Paid for by DEMAND PROGRESS   Sent via ActionNetwork.org. To update your email address, change your name or address, or to stop receiving emails from Progress America, please click here.