Voters Convinced that Corporate Greed is Driving Inflation, Strongly Support Policies Tackling Issue Head-On
Even a majority of Republicans want to foster more competition to force down prices
Even as American consumers worry about inflation — and particularly the high price of fuel at the pump — a majority of voters blame large corporations for price increases and strongly support policies that address monopoly behavior and corporate profiteering head-on.
This is according to a recent poll from Data for Progress gauging the public’s perceptions on recent inflation.
“Big corporations aren’t shy in telling their investors how they’re taking advantage of the pandemic to jack up prices and pad their own profits – and the public is noticing,” said Lindsay Owens, executive director of Groundwork Collaborative, a progressive economic organization. “Policymakers should listen to voters by cracking down on corporations raising prices unfairly, addressing corporate consolidation and monopoly power, and increasing taxes on corporations.”
Top points from the new poll (see the full polling deck here):
63 percent believe that “large corporations are taking advantage of the pandemic to raise prices unfairly on consumers and increase profits” vs. 29 percent who believe “large corporations have no choice but to raise prices in response to rising costs.”
80 percent support the federal government “Crack[ing] down on large corporations that raise prices unfairly, and promot[ing] competition between businesses to lower prices for consumers and small businesses.”
This includes 79 percent of independents and 74 percent of Republicans
Data for Progress conducted a survey of 1,549 likely voters nationally between Feb. 18 and 22 using web panel respondents. The sample was weighted to be representative of likely voters by age, gender, education, race, and voting history.
The margin of error is ±3 percentage points.
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