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Groundwork’s Bilal Baydoun Reacts to May Jobs Report: “Forty straight months of job growth doesn’t happen by accident”

“As today’s jobs report shows, our economy is stronger when workers can get ahead. Forty straight months of job growth doesn’t happen by accident. We can thank strong, sound public investments in the workers who drive our economy for this progress.”

June 7, 2024 Groundwork Collaborative

Press Release

Groundwork’s Lindsay Owens and The American Prospect’s David Dayen Open New Special Prospect Issue on Pricing

New American Prospect issue, “How Pricing Really Works,” dives into the corporate pricing strategies that are pushing up costs for consumers with algorithms, personalized pricing, and more.

June 3, 2024 Groundwork Collaborative

Press Release

Groundwork Joins Calls to Investigate Big Oil, Urges More Action: “Congress should tax back the industry’s windfalls and give families a refund”

“The Department of Justice should investigate and prosecute price fixing and collusion across the fossil fuel industry, and Congress should tax back the industry’s windfalls and give families a refund.”

May 30, 2024 Groundwork Collaborative

Press Release

Groundwork’s Bilal Baydoun on Corporate Profits: “We must ensure corporations pay back what they gained through profiteering”

Today, the Bureau of Economic Analysis (BEA) released new data showing that corporate profits ticked down slightly, but remain historically high. “Corporate profits remain historically high, and it's undeniable that corporations have scored sky-high profits by hiking their prices and squeezing already vulnerable families. When the Trump tax law expires next year, we must ensure corporations pay back what they gained through profiteering by putting corporate tax increases firmly on the table." Groundwork’s Director of Policy and Research Bilal Baydoun reacts.

May 30, 2024 Groundwork Collaborative

Press Release

Groundwork’s Dr. Rakeen Mabud Reacts to Retailers Cutting Prices: “It’s about time”

“Corporations could have been cutting prices and passing their cost savings onto consumers months ago. Instead, they chose to keep their winnings at the expense of families whose budgets have been squeezed by their profiteering. It’s about time corporations lower prices, and there is more room for them to fall.”

May 29, 2024 Groundwork Collaborative

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Grocers are finally lowering prices as consumers pull back

“It’s really clear when you start looking at industry and corporate firm-level data … that companies are really expanding their margins during a period when their own costs are rising,” Owens said. “What you see is that’s effectively made possible by companies who are passing along their rising costs in full but then going for more.”

May 23, 2024 The Washington Post

Press Release

Today @ 2:30 PM: Groundwork’s Lindsay Owens Testifying at Senate Banking Subcommittee Hearing on Food Prices and Profiteering

Today at 2:30 pm, Groundwork Collaborative’s Executive Director Lindsay Owens will testify before the Senate Banking Subcommittee on Economic Policy at a hearing titled, “Protecting Consumers’ Pocketbooks: Lowering Food Prices and Combatting Corporate Price Gouging and Consolidation.”

May 22, 2024 Groundwork Collaborative

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100+ Unions and Public Interest Groups Call for Major Tax Overhaul

The groups behind the letter include the AFL-CIO, the National Education Association, Service Employees International Union and United Auto Workers as well as left-leaning think tanks such as the Center for American Progress, Center on Budget and Policy Priorities, the Economic Policy Institute and the Groundwork Collaborative.

May 21, 2024 The Fiscal Times

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Next Congress Must Overhaul Tax Code to Make Corporations Pay: Coalition

Nearly seven years after the passage of the Tax Cuts and Jobs Act (TCJA), said the coalition led by Groundwork Collaborative, the law has been proven to be "a failure on its own terms," with the average worker seeing none of the financial benefits promised by Republican Party and former President Donald Trump, who is running for the White House again.

May 21, 2024 Common Dreams

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Progressives lay a 2025 marker

More than 100 groups, including labor unions and a range of progressive advocacy organizations, are making it clear that they want to send the tax code in a whole other direction during next year’s discussions. Those organizations are writing to congressional leaders and top tax writers today, arguing that the GOP’s 2017 tax law merely further entrenched what was already a problematic U.S. tax system.

May 21, 2024 Politico