“Republicans who buy into the dangerous antitrust theories of Sen. Amy Klobuchar will find themselves responsible for turning over terabytes of U.S. customer data to China. They will kill popular services that Americans love. They will subject all American businesses a potential death penalty fine of 15 percent of their total U.S. revenues. At this time of high inflation, we don’t need policies that will kill growth, job creation, and innovation.
“If conservatives think U.S. corporations today are too ‘woke,’ just wait until we put them under the heavy thumb of the Federal Trade Commission and Chair Lina Khan. We are on the threshold of turning all private business decisions over to government control.”
COMMENTARY FROM AEP'S PRESIDENT, ROBERT H. BORK, JR., ON REAL CLEAR POLITICS
Congress can be like a frozen lake in the Midwest, solid on the surface but with schools of fish beneath the ice. While Democrats are locked into conflict over spending, and Republicans burrow into opposition, senators from both parties are cooperating to craft bipartisan legislation to subject a handful of Big Tech companies to stringent new antitrust regulations.
If they succeed, these senators are setting out to prove that with a little hard work and cooperation, leaders in Washington can still reach across the aisle to harm consumers and the economy.
The Antitrust Education Project (AEP) joins a coalition of 30 conservative and free market groups and activists to deliver a letter in opposition to the Senate Democrats who plan to pass a package of European-style antitrust regulations.