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.
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
REPORT: Top Corporations in Major CPI Categories Rewarded Shareholders With $62B After Hiking Prices
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
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.
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.