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Bob Casey Jr.: “Between July of 20 and July of 22, corporate profits rose…”

Featuring: Bob Casey Jr., Democratic | Former U.S. Senate, Pennsylvania

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Morning Joe MSNBC Senator Casey addresses corporate price gouging in food and groceries

Published | Video Starts at 00:59

The big companies, the companies that are, that are producing food and the companies that are, that are manufacturing household items. That's where the price gouging has taken place. Look, Between July of 20 and July of 22, corporate profits rose 75% in America. That's five times the rate of inflation. And we shouldn't just accept it and say there's nothing we can do about it. (00:59–01:08)

CLAIM

Asserts that corporate profits increased by 75% over two years.

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