Biden Targets Big Business in Sweeping Executive Order to Spur Competition

WASHINGTON— that the White House says puts consumers, workers and smaller companies at a disadvantage.

The order, the centerpiece of a new Democratic emphasis on restraining the nation’s most powerful companies, lays out a detailed plan to address what the Biden administration sees as, from the mundane—hearing aids and baggage fees—to some of the most cutting-edge issues facing the government, such as first-ever antitrust regulations for internet platforms.

Mr. Biden’s effort isn’t a hard mandate but instead a policy road map that encourages U.S. agencies to adopt policies that push back against corporate consolidation and business practices that might stifle competition and lead to higher prices and fewer product choices. The eventual rules and regulations that follow from the White House’s direction are likely to set up heated battles with top U.S. companies that could take years to resolve.

Among the White House’s targets are agriculture, healthcare, shipping, transportation and technology, as well as labor practices that the administration says limit wages and mobility.

This man is terrifying...

Restricting companies doesn’t necessarily lead to free competition it slows economic growth

Limit corporations consolidating, but consolidate government! Gotcha!! Oops, except big tech!

Corporations dominate US🇺🇸it's evident.

Lets get a bill passed to breakup big government as well!

Excellent

This vegetable will be gone before long. Nobody is scared of this brainstem. bidenimpeached bidendementia

That is a joke! DEM policies usually end up with the exact opposite results! It is all about control; they know nothing about free & unrestricted markets!

Controlling consolidation. Hmmm....yet he's ok with such a concept politically, if it's in his and his party's favor of course. Feds to corporations....do as we say and mandate, not as we do.

that's not how executive orders work...

So a bunch of anticompetitive nonsense and excuses to regulate things that don't need to be regulated all under the guise of 'helping the little guy.' Got it.

Don’t forget the F in wheezy F baby either of ever mentioning LilTunechi

Singapore Singapore Latest News, Singapore Singapore Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Biden promotes corporate taxes in Illinois as business opposition mountsPresident Joe Biden made the case for spending trillions of dollars on U.S. infrastructure, paid for by higher taxes on corporations, at an Illinois community college on Wednesday, as opposition builds from U.S. business groups.
Source: Reuters - 🏆 2. / 97 Read more »