Teresa Leger Fernandez: “This is an article titled: ``How Much Have Record Corporate Profits Contributed to Recent Inflation?'' Firms raised…”

“This is an article titled: ``How Much Have Record Corporate Profits Contributed to Recent Inflation?'' Firms raised markups to 2021 in anticipation of future cost pressures contributing to about 60 percent. Every American knows that record profits added to inflation. They just keep on trying to blame it on the fact that we kept our small businesses open. That is not the case. We made sure that people did not get thrown out of their homes. It is the big corporations that they protect with their policies, and they want to make sure that they can cheat on their taxes. They bring that up every little while. He brought up issues with regard to Israel. Well, you know, they didn't allow a clean bill to come to the floor because they wanted to make sure that tax cheats could continue cheating on their taxes. They wanted to cut that funding. {time} 1315 We know that those kinds of things hurt America. We know that part of the reason for inflation was because of Putin's war, Putin's invasion of Ukraine, and what happened to the markets from that. On that side of the aisle, we have the Putin protectors who are fighting back and do not want to provide any resources to Ukraine. So, the majority should not start talking to me about inflation when the majority's policies are continuing to add to those problems. You might know, Mr. Speaker, that neither this Congress nor this Presidency controls interest rates. That is the Federal Reserve. We do not control that.…”