ICYMI: New Study Says Antitrust Legislation Could Cost the U.S. Economy $319 Billion
Washington, D.C. 03/30/2022 – A recent piece published in The Center Square highlights a new study conducted by the National Economic Research Associates (NERA) that describes how the American Innovation and Choice Online Act (S.2992) could cost the U.S. economy more than $319 billion if passed.
In the piece, Dr. Christian Dippon, an economist at NERA, explains how bills like S.2992 would hurt small businesses, raise costs for everyday consumers, and negatively impact American competitiveness.
Study: Antitrust legislation could cost the U.S. economy $319B
The Center Square
By Robert Davis
March 26, 2022
According to NERA’s study, the bills could have massive repercussions for consumers, especially those who prefer to use e-commerce platforms to shop.
“These bills are ostensibly intended to target only large U.S. tech companies, but in reality, would have economic repercussions on small businesses and everyday products and services that U.S. consumers value,” Dr. Christian Dippon, an economist at NERA and one of the study’s authors, said in a statement.
The bills could force companies to reduce the scope of services like Amazon Prime, which the study said could create a $22 billion overall [annual] impact to consumers, or $148 per Amazon Prime member [per year].
Dippon also said the bills would “further discourage the growth of U.S. startups and jeopardize the international competitiveness of U.S. firms” by prohibiting companies of a certain size from acquiring startups.
Read the piece in full here.
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