PolitiQuote

Discover video-sourced quotes by politicians

Bob Casey Jr.: “Corporate profits in the two years between July of 20 to…”

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

Watch on YouTube

Sen. Bob Casey: Democrats want to end 'greedflation' by big corporations

Published | Video Starts at 00:44

But I think in a larger sense, it's about a much, much greater problem, which is Greedflation, which is big corporations jacking up their prices, the cost of food, the price of household items, and raising those prices way above their costs. You know, Corporate profits in the two years between July of 20 to July of 22, corporate profits were up 75%, five times the rate of inflation. That's a ripoff on a grander scale. That's Greedflation. And what we need to remedy that is to pass legislation so that the Federal Trade Commission can investigate price gouging. (00:44–00:55)

CLAIM

Asserts that corporate profits increased by 75% from July 2020 to July 2022, five times the rate of inflation.

This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.


Bob Casey Jr.

Discover more from

Bob Casey Jr.

Report A Transcription Error

Please report any error in the automated transcription.

About PolitiQuote

PolitiQuote is a civic library index to statements made by politicians in publicly available video records. The index is created automatically from transcripts, with no editorial oversight or analysis. Highlighted quotes are selected by AI. Words may be added in parentheses to offer context for the quote. There may be errors in the transcription and display, so listen to the video to ensure accuracy.

PolitiQuote is a service of Gigafact Foundation, a nonpartisan nonprofit advancing facts and information transparency, community by community.

Visit gigafact.org to learn more.