PROTECTING SMALL BUSINESS, PROMOTING ENTREPRENEURSHIP

ICYMI in the OC Register: Small Businesses would be Collateral Damage in the Senate’s New Antitrust Bill

By at 27 October, 2021, 11:03 am

In an October 25 Orange County Register Op-ed, SBE Council president & CEO Karen Kerrigan questions the wisdom of members of Congress who are working to dismantle big U.S. tech leaders through intrusive legislation and regulatory empowerment. The tech tools and platforms provided by “Big Tech” are extensively used by small businesses to access and penetrate consumer markets, drive revenues, support back-office operations, and more efficiently and cost-effectively run their businesses. Kerrigan writes:

Last week, Senators Amy Klobuchar and Chuck Grassley announced the American Innovation and Choice Online Act. The bill is ostensibly aimed at certain large American companies, but it would actually hurt the small and medium-sized businesses that use digital tools and services from the targeted companies (Amazon, Apple, Google and Facebook) to reach customers and grow their businesses.

Large companies like Amazon aren’t trying to drive small businesses out of business; instead, they’re actively providing them with a platform to succeed. And this isn’t charity; it is a business model – a win-win for both – that is a proven success.

She notes that the new anti-trust bill – which closely mirrors a House bill where both Democrats and Republicans have expressed big concerns about the effort – is much more of a threat to small businesses than “Big Tech” is. American consumers do not view Big Tech as a threat either. In fact, as Kerrigan writes:

In a recent Axios poll, two-thirds of Americans said they view the success of Apple, Amazon, Google, and Facebook as a good thing for the American economy. The American Innovation and Choice Online Act will be destructive – not only to big businesses but to the millions of entrepreneurs who, over the centuries, made the American “experiment” a thriving success.

Read the Op-ed in its entirety here.

The Op-ed also ran in the Press TelegramThe Press EnterprisePasadena Star NewsWhittier Daily NewsThe SunSun Gabriel Valley TribuneLos Angeles Daily NewsDaily BreezeRedlands Daily Facts, and Inland Valley Daily Bulletin.

 

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