Senator Elizabeth Warren of Massachusetts joined Senator Bob Casey of Pennsylvania to highlight “greedflation” on Friday, September 20 at the Learning Center at Temple University’s Ambler campus, the Pennsylvania Capital-Star reported.
Roughly 250 supporters gathered for the event, which was moderated by state Senator Maria Collett of Fort Washington.
Casey and Warren said the best way to lower costs for working families is to pass legislation to allow the Federal Trade Commission to tackle corporate price gouging, the Capital-Star said.
“There are a zillion things you could be doing, but the fact that you came in here to wonk out a little over corporate price gouging really tells me about your investment in this commonwealth and your investment in our nation,” Warren told the audience.
Casey noted that of the 50 states, 37 allow their attorneys general to prosecute and investigate price gouging and hold companies in their states accountable.
“The Federal Trade Commission doesn’t have that power today, and that’s why I’ve been working with Senator Warren, who’s been leading on this for years, to pass that price gouging legislation, go into a court of law and prove when there’s price gouging engaged in by these big corporations,” he said.
Casey has introduced the Shrinkflation Prevention Act and the Price Gouging Prevention Act, both intended to highlight what he views as corporate greed.
You can watch video footage of their discussion here.
Screengrab: Youtube