Policies to reduce inequality, check corporate power and promote economic justice - 1. Reduce corporate concentration and power

They require a reallocation of resources through progressive tax, economic and budget policies to prioritize the dignity and well-being of all of us — not just corporations and the wealthy — and the protection of the planet on which we depend. [...] With the Department of Justice’s 2018 approval of the Bayer-Monsanto merger, three seed companies now control the majority of seeds’ genetic material and markets in the U. [...] Similarly, decades of steady consolidation in the oil and gas sector have increased the political and marketing power of the fossil fuel industry, which has not only blocked federal climate policy, but pursued a sophisticated and yearslong disinformation campaign of climate denial. [...] Reform the tax code to support people and the planet4 The tax code is rife with corporate giveaways and unfair provisions which widen income inequality and worsen pollution. [...] Friends of the Earth supports progressive tax reform to make corporations and the wealthy pay their fair share while ending subsidies for environmentally harmful activities, including $20 billion in tax subsidies for the fossil fuel industry.8 Friends of the Earth supports efforts to: - Repeal the Trump tax cuts (i.e., the Tax Cuts and Jobs Act).