Biden Urged to Crack Down on Corporate Price Gouging as Americans Struggle

Corporations are using high inflation as an excuse to raise prices more than necessary and increase profits. This "price gouging" hurts consumers.

Increased corporate consolidation and lack of competition allows companies to easily raise prices in tandem. This market power must be addressed.

Antitrust enforcement against corporate power should be a highlight of Biden's agenda and the 2024 campaign. Recent lawsuits against Amazon, Apple, etc. are a start.

Congress should pass laws banning "grossly excessive" price increases, like Senator Warren’s Price Gouging Prevention Act. This would empower agencies to stop gouging.

Corporations' record profits are coming at the expense of struggling consumers. Biden and Democrats must clearly call out this price gouging and monopoly power.