PolitiQuote

Discover video-sourced quotes by politicians

Eric Hovde: “Corporate profits as a percentage of GDP at 13.1% in 24…”

Featuring: Eric Hovde, Republican | Former Candidate, U.S. Senate Wisconsin

Watch on YouTube

The Corporate Sector

Published | Video Starts at 00:06

All right, let's look at America's corporate sector. Corporate profits have boomed the last five years. Corporate profits as a percentage of GDP at 13.1% in 24 after tax, profit margins at 10.7%. Why are companies gotten so profitable? Well, inflation inflates their sales, inflates their profits. Low financing costs. They financed all their debt at such cheap rates in 20, 21 and 22. (00:06–00:15)

CLAIM

Asserts that corporate profits are 13.1% of GDP and profit margins are 10.7%.

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.


Eric Hovde

Discover more from

Eric Hovde

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.