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The White Home introduced that President Biden will launch a strike drive to take motion in opposition to companies that illegally elevate the costs of prescribed drugs, meals, housing and groceries.
The White Home stated in a truth sheet:
President Biden will launch a brand new strike drive to crack down on unfair and unlawful worth gouging. President Biden is dedicated to making sure that companies are held accountable after they attempt to defraud Individuals, together with by breaking the regulation by maintaining costs excessive.
To this finish, the President is establishing a brand new Strike Drive on Unfair and Unlawful Pricing, co-chaired by the Division of Justice (DOJ) and the Federal Commerce Fee (FTC). This strike drive will strengthen interagency efforts to root out and cease unlawful company conduct that raises costs on American households via anti-competitive, unfair, misleading or fraudulent enterprise practices. DOJ and the FTC, together with the opposite businesses of the Strike Drive, will focus their collaborative efforts on key areas the place companies could also be violating the regulation and setting costs excessive, together with prescribed drugs and well being care, meals and grocery, housing , monetary companies and. Extra.
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The pandemic is over, however companies proceed to maintain costs excessive and make document income. Biden has known as on companies to finish this conduct. They refused to hear, so now he's going to extend prison enforcement.
The most recent motion by the White Home is an instance of why it issues who’s president.
A Republican president wouldn’t embrace company greed, however Donald Trump inspired it when he was president. Presidents have the ability to assist individuals in massive and small methods, and the way they select or to not use that energy can have an effect on the lives of tens of millions of individuals.
Individuals mustn’t put Biden and Trump collectively.
They aren’t the identical.
Whether or not you agree with him or not, Biden is making an attempt to work for the American individuals. Trump sees the presidency as a way to an finish.
This was a big contradiction between candidates in 2020, and it stays much more pronounced in 2024.
Jason is the managing editor. He’s additionally a member of the White Home Press Pool and Congressional Correspondent for PoliticsUSA. Jason has a bachelor's diploma in political science. His graduate work centered on public coverage with a specialization in social reform actions.
Awards and Enterprise Memberships
Member of the Society of Skilled Journalists and the American Political Science Affiliation