US Sen Bob Casey has made “Greedflation” an issue as he is getting ready to run for reelection in 2024. Now the senator is focusing on corporations shrinking their products to boost profits.
“[These] charges are taking real money out of the pockets of American families. These junk fees can add up to hundreds of dollars, weighing down family budgets, making it harder to pay family bills,” President Biden said on Wednesday.
The Biden administration’s newly proposed actions, which would likely take effect in 2024, would lower child care costs for 80,000 American families.
The Biden administration has been putting pressure on companies across multiple sectors to be more transparent with consumers.
While Ticketmaster and SeatGeek have agreed to institute more transparency when it comes to ticket sales, some anti-monopoly advocates think the answer is “breaking up” these companies altogether.