The American Civil Liberties Union is criticizing the private prison industry for profiting at the expense of a growing prison population, reports the Texas Tribune. A new report, “Banking on Bondage: Private Prisons and Mass Incarceration,” accuses private prison companies of lobbying for laws that result in higher incarceration rates. Higher incarceration rates result in more government contracts, which are the primary source of funding for these companies.
Two leading industry companies, Corrections Corporation of America and the GEO Group, got a combined $3 billion in annual revenue in 2010. The report says CCA acknowledged in records submitted to the Securities and Exchange Commission that current sentencing laws increase the company's profits. CCA officials could not be reached for comment. The GEO Group declined to comment.