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Biden launches tax war with GOP

Rakeen Mabud, chief economist and managing director of policy and research at the left-leaning Groundwork Collaborative, noted that no matter how people describe Biden’s policies, he is laying out a “stark contrast between the two choices” facing America in a way that she finds “compelling.” “What the president and the administration is really doing I think is tapping into a collective sense of ‘this economy isn’t working for us’ and pushing back and laying out his plans for addressing that,” Mabud said.

March 13, 2024 The Hill

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Greedflation in the US and UK

This was given a theoretical framework by Isabella Weber’s “sellers’ inflation” theory and has been backed by research such as a report by The Groundwork Collaborative which found that corporate profits have driven more than half of the inflation seen in the US. Politically, this lets the Biden Administration shift the blame for inflation away from its own spending programmes and onto profiteering corporations, as well as enabling them to frame policies to combat corporate power and implement green industrial strategy as anti-inflationary.

March 13, 2024 New Economy Brief

Press Release

Groundwork’s Rakeen Mabud Reacts to February CPI

“The Fed’s high interest rates are pushing up costs for families, including housing costs. The Fed's actions are exacerbating a long-standing housing shortage by making it more expensive to build new homes.” Groundwork’s Rakeen Mabud Reacts to February CPI which showed prices rose 0.4% last month and 3.2% over the last year.

March 12, 2024 Groundwork Collaborative

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Biden 2025 Budget Would Offer ‘Welcome Relief,’ But Not Enough.

Groundwork Collaborative executive director Lindsay Owens offered similar praise, asserting that "the tax reforms in President Biden's 2025 budget are the critical unfinished business of Bidenomics. Enacting the reforms in his budget will begin to reverse the 40-year one-way ratchet of falling taxes for the wealthy and corporations and instead invest in workers and families."

March 12, 2024 Common Dreams

Press Release

Groundwork’s Lindsay Owens Reacts to Biden’s 2025 Budget

“The tax reforms in President Biden’s 2025 budget are the critical unfinished business of Bidenomics. Enacting the reforms in his budget will begin to reverse the 40-year one-way ratchet of falling taxes for the wealthiest and corporations and instead invest in workers and families.”

March 11, 2024

Blog Post

Why The Biden Administration’s Stand Against Grocery Giants Matters

The FTC’s challenge of the Kroger-Albertsons merger is part of a broader push to rein in corporate power and profiteering. Though the grocery giants are billing the merger as an answer to big box domination from the likes of Walmart and Costco, the FTC suit makes clear that the answer to consolidation is never more consolidation.

March 11, 2024 Groundwork Collaborative

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Looking toward November, Biden targets ‘shrinkflation’ in State of the Union speech

“What they’re doing during this period of high inflation is actually expanding their profit margins above and beyond historical averages,” said Lindsay Owens, executive director of Groundwork Collaborative, an economic policy think tank. “Companies have really been using the kind of cover of inflation and the fact that Americans expect prices to increase to go a little further than they needed to. And they’ve brought in really considerable profits as a result.”

March 11, 2024 States Newsroom

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Why are prices still so high? Corporate greed, some say

A recent report from Groundwork Collaborative, a progressive advocacy group, argues that corporate profits drove 53% of inflation during the second and third quarters of 2023 and 34% since the start of the pandemic.

March 11, 2024 CNN

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Prices are ‘skyrocketing’ cry Walmart shoppers calling on other customers to boycott all grocery stores for one day

The price of food items such as eggs, lettuce, and tomatoes decreased, while prices for beef, sugar, and citrus fruit increased, according to a report by Groundwork Collaborative. Amid high gas and housing costs, food prices are hitting Americans the hardest.

March 10, 2024 The U.S. Sun

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Democrats are fighting against “shrinkflation” with a new bill. Here’s everything you need to know

Groundwork Collaborative, a progressive economic policy research group, along with Public Citizen, a non-profit consumer rights advocacy group, have both endorsed Casey’s bill. The bill has seven Democratic co-sponsors including Sens. Tammy Baldwin of Wisconsin, Elizabeth Warren of Massachusetts, Jacky Rosen of Nevada, Cory Booker of New Jersey, Sheldon Whitehouse of Rhode Island, Sherrod Brown of Ohio and Patty Murray of Washington as well Sen. Bernie Sanders, I-Vt.

March 10, 2024 Salon