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Biden Praised for Plan to Tax Billionaires and ‘Take on Corporate Greed’

"Last night, President Biden detailed a clear, decisive plan to take on corporate greed in order to reduce costs and to reestablish a progressive tax system where the wealthy and corporations pay their fair share," said Lindsay Owens, executive director of Groundwork Collaborative and the author of a report on shrinkflation that was published this week.

March 8, 2024 Common Dreams

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Biden Is Serious About His Candy-Bar Crusade

Lindsay Owens, the executive director of the progressive think tank Groundwork Collaborative, told me that the government could more strongly enforce existing laws about deceptive selling practices and work to further prohibit misleading tactics, including with stricter labeling rules. Owens, who supported Casey’s bill, argues that the onus of dealing with shrinkflation should fall on policy makers rather than on consumers.

March 8, 2024 The Atlantic

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Groundwork’s Bilal Baydoun Reacts to February Jobs Report

March 8, 2024

Press Release

Groundwork’s Lindsay Owens Reacts to SOTU: “President Biden detailed a clear, decisive plan to take on corporate greed”

“Last night, President Biden detailed a clear, decisive plan to take on corporate greed in order to reduce costs and to reestablish a progressive tax system where the wealthy and corporations pay their fair share."

March 8, 2024

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Biden to propose new $5,000 tax credit for first-time home buyers

“President Biden is absolutely right to lay out his plans to make housing more affordable,” said Lindsay Owens, executive director of the Groundwork Collaborative, a left-leaning think tank. “Housing costs are top of mind for Americans, and this is an important piece of unfinished business for the president.”

March 7, 2024 Washington Post

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5 things to know about the economy under Biden

“The stuff that matters most to Americans is still often unaffordable, or insofar as it’s affordable, taking up a disproportionate share of their budget and crowding out other spending,” said Lindsay Owens, executive director of Groundwork Collaborative, a progressive research nonprofit.

March 7, 2024 The Hill

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“S” is for “Shrinkflation”: Cookie Monster draws right-wing anger for taking a bite out of corporate greed

A study last year by two progressive think tanks in Britain, reported in Fortune, found that corporate profits increased at a faster rate than costs did. Another study reported in Fortune, from the American think tank Groundwork Collaborative, found that profits drove 53% of inflation during the second and third quarters of 2023, and more than one-third overall since the start of the COVID-19 pandemic, and caused inflation to be 1 to 3 points higher than otherwise might’ve occurred.

March 7, 2024 Media Matters

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Taking on junk fees is popular. But can it win Biden more voters?

The issue of junk fees is more top of mind for voters, said Lindsay Owens, the executive director of left-leaning economic think tank Groundwork Collaborative. Owens said high prices, whether for smaller items like groceries or big-ticket items like housing and child care, are the No. 1 issue for many families when it comes to the state of the economy. But it's not just that prices are high — it's also that they're unfair, she said.

March 6, 2024 NPR

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Powell: Fed needs ‘greater confidence’ before cutting rates

“After 19 months of prices coming down from their peak and over two years of historically low unemployment, it’s clear we didn’t need mass joblessness to lower inflation. The Fed’s rate hiking campaign was deeply flawed,” economist Rakeen Mabud of the progressive Groundwork Collaborative think tank said in a statement.

March 6, 2024 The Hill

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‘Shrinkflation’ Playing Crucial Role in Rising Prices, Corporate Profits: Analysis

"During this period of high inflation, where rising prices are putting a squeeze on household budgets, shrinkflation just adds insult to injury," said Lindsay Owens, executive director of Groundwork Collaborative and author of the report.

March 6, 2024 Common Dreams