On the recordNovember 20, 2024
Mr. Speaker, I thank my colleague from Pennsylvania for yielding. I am so grateful for his leadership every single day on behalf of hardworking Americans across his district and across our country. Mr. Speaker, something is wrong in this country. Families go to the grocery store and they can't afford milk or eggs or cereal that their kids like. Poor and working-class people are struggling under the weight of inflation. They can't make ends meet, and at the same time, the richest 1 percent and corporate CEOs are still taking home record profits. A recent poll confirmed that two-thirds of Americans think: one of the biggest problems facing us today is that a handful of corporations have too much power. The numbers back this up. Despite rising costs that are squeezing poor and working people across the country, corporate profits are bigger than ever. It is a simple story of corporate monopolies price gouging consumers. Let's start with eggs because I like to eat eggs every morning. I think there are a lot of people who like eggs and look at the price of eggs. It is a staple. Before the pandemic, the price of a dozen eggs hardly ever went over three bucks, but in 2022 and 2023, we saw record-high prices for eggs. Now, according to Farm Action, this price increase was because dominant egg producers used inflation and avian flu as a cover-up to extract profit margins as high as--wait for it--40 percent on a dozen eggs.…





