Prices go up, wages drop, and innovation stalls.
Competition is central to capitalism. Without competition, prices go up, wages drop, and innovation stalls.
The meat and poultry industry exemplifies what happens when competition decreases. Just four companies control 85% of the beef industry. And while we've all seen rising meat prices, large meat companies have reported rapidly growing record profits in the billions.
I've spoken out against many recently proposed mergers—from grocery stores to airlines—that would mean even fewer choices and higher prices for families. And in markets that have already been consolidated: I've introduced legislation to end taxpayer subsidies for Big Oil companies and stop Big Pharma from price gouging.
Capitalism needs guardrails so that we have a strong, stable, globally competitive economy that supports workers and families.
To help me stand against mergers that will lead to higher prices and fewer choices, sign our petition.
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Thanks for being on Team Porter.
Katie
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