Close to half of all inflation went to increased profits. That's a coy way of acknowledging markets used public awareness of supply chain and other real issues as cover to jack up prices. How is that not profiteering?
source?
It's right in the bill:
> Congress finds the following:
> (1) According to the Bureau of Economic Analysis, from the third quarter of 2020 to the second quarter of 2022, corporate profits rose by 75 percent, and Federal Reserve research found that 42 percent of inflation over that same time period went toward greater corporate profits.