The Market Institute joined a letter headed by the Competitiveness Coalition to U.S. Senate Minority Leader Mitch McConnell and U.S. House Minority Leader Kevin McCarthy urging their respective caucuses to hold the line on harmful antitrust legislation, like the American Innovation and Choice Online Act (S. 2992) and the Open App Markets Act (S. 2710).
The letter lays out a three-part rationale for Congress to oppose the bills, including:
- Ignoring the economic concerns of the country
- Exacerbating inflation, which even Democratic economists such as Larry Summers have highlighted about these bills
- 3. Rewarding Klobuchar’s political ambitions
Read the letter in full below.CC-Letter-to-GOP-Leaders-11301