A new analysis from watchdog Accountable.US found that five publicly-traded companies have already announced nearly $1.5 billion in accelerated share repurchase (ASR) programs —potentially avoiding the roughly $15 million they would owe under the Inflation Reduction Act’s new 1% stock buyback tax—after spending $2.5 billion on buybacks.
The Labor Department’s latest Consumer Price Index (CPI) report makes clear that corporate greed remains a primary driver of inflation.
Today, Accountable.US released a new analysis unpacking Big Oil’s continued price gouging even after crude oil dropped below $80. Despite the price of crude oil plummeting to its lowest price since January, Big Oil companies keep gas prices artificially high for consumers charging them 13% more than when oil was previously this cheap.
A new analysis from Accountable.US has found that in the first half of 2022, just three of these “megabanks”—Bank of America, Wells Fargo, and JPMorgan Chase—have together reported over $37 billion in net income while reaping $7.8 billion in revenue from service charges on consumers’ deposit accounts, including over $1.6 billion from overdraft fees
Following the release of the Labor Department’s latest Consumer Price Index (CPI) report, a new analysis from government watchdog Accountable.US found major corporations across several industries that have raised prices on everyday necessities have raked in “record-high profit margins” and near-record operating mar
Many of America’s biggest corporations say they value democracy. But how well does their rhetoric match their actions? Our investigative researchers at Accountable.US took a comprehensive look at America’s 100 largest companies by total annual revenue and graded them on their support for voting rights, our electoral process, and our democracy.
As the Inflation Reduction Act heads to President Biden’s desk that includes long overdue authority for Medicare to negotiate lower prescription drug prices with big drug companies, an analysis from Accountable.US found the pharmaceutical industry has spent at least $205 million in recent years lobbying and resisting lower drug prices for seniors a
Following passage in Congress of President Biden’s widely popular, cost-lowering, deficit-reducing, corporate greed containing Inflation Reduction Act over the objection of all Congressional conservatives, government watchdog Accountable.US released the following statement.
Government watchdog Accountable.US released a new analysis finding several private equity and investment firms that have aggressively bought up single-family homes since the 2008 Financial Crisis have spent nearly $12 million lobbying against housing reforms that would impact their bottom lines.
Recent polling shows corporations are facing a highly skeptical public over their claims they’ve had no choice but to raise consumer prices so high as profits have skyrocketed.
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