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.
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.
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