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Republicans Unable To Determine If Price Gouging Is Good Or Bad, Just Kidding They Think It’s Wonderful!

Also testifying on the side of the Democrats was Mr. Bilal Baydoun, director of policy and research at the Groundwork Collaborative. He also brought some actual evidence to the party: “Rideshare apps like Uber reportedly charge users higher prices if their phone battery is lower. Insurance companies fly drones above our property in search of signs of clutter, and car companies install software that reports our driving behavior to insurance companies, who use the data to hike our rates.”

May 3, 2024 Wonkette

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‘Absurd!’: US Billionaires Pay Lower Tax Rate Than Working Class for First Time

"The ultra-wealthy are paying less in taxes than the bottom half of income earners. That's absurd!" Rakeen Mabud, chief economist at the Groundwork Collaborative, wrote in response to Zucman's analysis. "We've got to raise taxes on the wealthy and large corporations. Enough with the wealth hoarding. It's past time for us to take back what's ours."

May 3, 2024 Common Dreams

Press Release

Groundwork’s Bilal Baydoun Reacts to April Jobs Report: “Workers who drive our economy deserve a bigger piece of the pie”

Today, the Bureau of Labor Statistics released the April jobs report which shows that our economy added 175,000 jobs last month and unemployment ticked up to 3.9%.

May 3, 2024 Groundwork Collaborative

Press Release

Groundwork’s Bilal Baydoun Condemns EV Tax Credit Repeal Efforts

“The Inflation Reduction Act’s provisions to create a sustainable, clean energy economy are ushering in a new period of economic growth. Repealing these efforts does exactly the opposite: this bill would shrink our economy and harm the workers who power it.”

May 2, 2024 Groundwork Collaborative

Press Release

ICYMI: Groundwork’s Bilal Baydoun Tells Senate Banking Committee: “The price tag as we know it may become a relic of the past”

Today, Groundwork Collaborative Director of Policy and Research Bilal Baydoun testified before the Senate Banking Committee at a hearing titled, “Higher Prices: How Shrinkflation and Technology Impact Consumers’ Finances,” where he outlined the rampant corporate power behind price hikes facing consumers.

May 2, 2024 Groundwork Collaborative

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Corporate Profiteering Schemes That Drive Inflation Detailed at Senate Hearing

Bilal Baydoun, director of policy and research at the Groundwork Collaborative, testified that "in America today, a fair price, let alone a sweet deal, is harder and harder to come by. In the age of corporate concentration and high-powered algorithms, pricing is in the midst of a troubling transformation, and the price tag as we know it may become a relic of the past."

May 2, 2024 Common Dreams

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Editorial: President Biden – struggling families need $$ relief too

As The Hill reported, the cost of buying a home has hit an all-time high, thanks in part to high mortgage rates. “The Fed’s high interest rates are exacerbating our housing crisis while doing nothing to tackle the high prices that remain. Meanwhile, sky-high borrowing costs have pushed household debt to an all-time high and delinquencies are rising,” said Rakeen Mabud, chief economist at the progressive Groundwork Collaborative and a former Treasury Department staffer.

May 2, 2024 Boston Herald

Press Release

Tomorrow: Groundwork’s Bilal Baydoun to Testify Before Senate Banking Committee on Pricing

Tomorrow at 10 a.m. ET, Groundwork Collaborative Director of Policy and Research Bilal Baydoun will testify before the Senate Banking Committee at a hearing titled, “Higher Prices: How Shrinkflation and Technology Impact Consumers’ Finances,” where he will outline the rampant corporate power behind price hikes facing consumers.

May 1, 2024 Groundwork Collaborative

Press Release

Groundwork’s Dr. Rakeen Mabud on FOMC: “The Fed is failing families struggling to get by and failing to bring down inflation”

Ahead of the Federal Reserve’s policy announcement this afternoon, Groundwork Collaborative Chief Economist Dr. Rakeen Mabud warned against keeping interest rates at 23-year highs: “The Fed is failing families struggling to get by and failing to bring down inflation. Chair Powell should move to cut rates.”

May 1, 2024 Groundwork Collaborative

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Fed holds off on rate cuts after ‘lack of further progress’ on inflation

“The Fed’s high interest rates are exacerbating our housing crisis while doing nothing to tackle the high prices that remain. Meanwhile, sky-high borrowing costs have pushed household debt to an all-time high and delinquencies are rising,” said Rakeen Mabud, chief economist at the progressive Groundwork Collaborative and a former Treasury Department staffer.

May 1, 2024 The Hill