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ICYMI: An Overwhelming, Growing Majority Blame Greedy Corporations – Malliotakis’ Campaign Donors – for Inflation

 

 

An Overwhelming, Growing Majority Blame Greedy Corporations  – Malliotakis’ Campaign Donors – for Inflation

June 3, 2022 

 

(New York, NY) Today Chris Fleming, Unrig Our Economy NYC spokesman, issued the following statement in response to new polling from Navigator showing an overwhelming, growing majority blame inflation on greedy corporations raising prices to make record profits.

 

“As the latest polling clearly shows, middle-class families are fed up with greedy corporations raising the prices we pay for everyday products and services, like groceries, gasoline, Internet service, and rent. Whether it’s voting against legislation to crack down on price gouging or siding with Big Pharma’s greed over lowering the cost of prescription drugs, Malliotakis’ time in Washington has been defined by looking out for greedy corporations at the expense of working people. New Yorkers deserve a representative that stands up to greedy corporate special interests, not someone like Rep. Malliotakis bought and paid for by them.”

 

Rep. Malliotakis Sides With Price Gouging Corporations, Not Working People

 

  • Rep. Malliotakis voted against the Consumer Fuel Price Gouging Prevention Act, a bill that outlaws “unconscionably excessive” gas prices and gives the Federal Trade Commission more power to investigate price gouging by big oil companies. With her vote, she once again sided with big oil & gas companies – not us. Energy price-gouging legislation is supported by 77% of registered voters, including 83% of Democrats and 76% of Republicans.
  • In New York City, the average cost of a gallon of regular gas surged to $5 — the highest on record — with some individual stations charging more than $6, according to AAA data. Meanwhile, profits have surged to $41 billion in the first quarter for Big Oil companies and their CEOs, who’ve been bragging about their pandemic and war profiteering for months. Rep. Mallotakis has taken nearly $176,933 from fossil fuel companies.

 

  • Exxon Mobil, recently reported that its first-quarter profits for 2022 doubled from last year – up to $5.48 billion – and announced billions in stock buybacks. Congresswoman Malliotakis has personally invested in Exxon and even took campaign money from Exxon’s corporate PAC—while the company was raising prices.
  • Rep. Malliotakis voted against the Build Back Better Act, a historic investment in the middle class and American families that lowers the cost of healthcare. Rep. Malliotakis took thousands from big pharma and $176,933 from fossil fuel companies, who then spent millions of dollars to lobby against Build Back Better Act. They also funded ads opposing the bill and defended vulnerable members like Rep. Malliotakis. When the groups who funded her campaign said to vote no, Rep. Malliotakis listened, ignoring the needs of her constituents.
  • Rep. Malliotakis voted against the American Rescue Plan which delivered critical help for New York families, workers, and small businesses, including an expanded child tax cut — then shamelessly promoted those same ARP benefits she opposed.

According to Navigator Research, the public increasingly blames corporations for price increases. “Since January, there has been an 8-point increase in the share who say corporate greed is a cause of inflation (from 73% to 81%). The intensity of blame for greedy corporations has been universal. There’s been a 7-point increase among Republicans (from 64% to 71%), a 13-point increase among independents (from 67% to 80%), and an 8-point increase among Democrats (from 82% to 90%).”

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