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Salon
Salon
Politics
Brandon Gage

Porter: Corporate greed drives inflation

Rep. Katie Porter, D-Calif., speaks during a House Committee on Oversight and Reform hearing on Capitol Hill in Washington, DC, on June 8, 2022. (ANDREW HARNIK/POOL/AFP via Getty Images)

During a House of Representatives hearing on Wednesday, United States Congresswoman Katie Porter (D-California) grilled Mike Konczal, the director of Macroeconomic Analysis at the Roosevelt Institute, over the primary cause of inflation in the post-COVID-19 economy.

Equipped with one of her easy-to-read, data-filled posters, Porter got Konczal to admit that surging corporate profits are forcing American consumers to pay significantly more for goods and services.

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