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Warren, Dean Press CocaCola, PepsiCo, and General Mills on “Shrinkflation” Price Gouging and Tax Dodging

Press Release

Date: Oct. 7, 2024
Location: Washington, D.C.
Issues: Business and Consumers Taxes

“Shrinking the size of a product in order to gouge consumers on the price per ounce is not innovation, it is exploitation. Unfortunately, this price gouging is a widespread problem, with corporate profits driving over half of inflation.

“We strongly oppose these corporate tax giveaways, and have fought to pass tax increases on big corporations, including the 15 percent minimum tax on billion-dollar corporations. No corporation should pay a lower tax rate than working Americans – especially when that same corporation turns around and gouges consumers on the other end through shrinkflation.”


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