In the News
On any given day, Groundwork's analyses, op-eds, reports, and commentary are featured in leading publications and on the most influential news programs and podcasts.
On any given day, Groundwork's analyses, op-eds, reports, and commentary are featured in leading publications and on the most influential news programs and podcasts.
“Congress should pursue reforms — including corporate tax reforms — that stem the decades-long tide of tax cuts for the rich and corporations that have undermined fairness, eroded revenues needed for pro-growth investments, and stifled economic opportunity,” they said. Signers to the letter included the AFL-CIO, the Center for American Progress, the NAACP and Groundwork Collaborative.
“Congress has a clear runway in 2025 to remake the tax code so it works for the people who drive our economy. The historic group of organizations who penned today’s letter are prepared to hold legislators accountable for ending the massive tax giveaways to the wealthy and corporations and making our tax code more fair. We can start by raising the corporate rate.”
“Congress raising the corporate tax rate in 2025 is an opportunity to recoup some of the truly obscene profits corporate America raked in during this period of economic upheaval for American families. It’s time Americans got their money back.”
Supporters of Thursday's decision also warned that the fight isn't over. Groundwork Collaborative chief economist Rakeen Mabud said that "today's Supreme Court decision was decisively in favor of federal oversight on consumer protection, but we know that big business and their lobbyists won't stop trying to dismantle an agency dedicated to protecting everyday Americans."
“An institution dedicated to protecting consumers from predatory pricing tactics is exactly what Americans need right now. Strong checks on corporate power help build an economy that works for all of us."
On Bloomberg Radio’s Balance of Power today, Groundwork Collaborative’s Executive Director Lindsay Owens weighed in on the latest CPI numbers and the president’s new tariffs on China and their impact on the U.S. economy.
Groundwork Collaborative Executive Director and former senior economic policy adviser to Senator Elizabeth Warren Lindsay Owens talked about what the latest inflation data means for the Federal Reserve.
Groundwork Collaborative executive director Lindsay Owens similarly said last week that "the Department of Justice should criminally prosecute Scott Sheffield and Congress should tax back the industry's windfall profits and issue every American a refund."
For instance, progressive advocacy group Groundwork Collaborative recently argued that corporate profits drove 53% of inflation during the second and third quarters of 2023. That report found corporate profits were to blame for 34% of inflation since the start of Covid-19.
Wall Street tycoons and CEOs didn’t take the heat of inflation — they fanned its flames and families got burned. It’s no wonder people overwhelmingly favor a tax code that’s no longer rigged for corporations, especially as they struggle with high prices. Congress raising the corporate tax rate in 2025 is an opportunity to recoup some of the truly obscene profits corporate America raked in during this period of economic upheaval for American families. It’s time Americans got their money back.