Senator Casey Blames 'Greedflation' for Rising Prices and Corporate Profits in New Report
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Senator Bob Casey released a "greedflation" report blaming corporations for raising prices and profits at the expense of families.
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The report follows a fictional Pennsylvania mom struggling with higher costs for household items like diapers and groceries.
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It states inflation rose 14% while corporate profits jumped 75% from 2020 to 2022.
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Casey supports renewing Child Tax Credits, raising minimum wage, and raising corporate taxes to help families.
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The report says "greedflation" cost the example family over $6,700 more in 2021-2022.