WASHINGTON – Following the release of President Joe Biden’s fiscal year 2024 budget, the Competitiveness Coalition today blasted the proposal’s increase in funds to support failed antitrust policies being peddled by liberal leaders like Sen. Amy Klobuchar (D-MN).
Specifically, the President’s budget calls for a $100 million increase in funding to be directed toward the Department of Justice’s (DOJ) antitrust division. U.S. Attorney General Merrick Garland and Assistant Attorney General for the Antitrust Division Jonathan Kanter have endorsed Klobuchar’s disastrous American Innovation and Choice Online Act, legislation that would harm U.S. economic and security interests and hold back America’s innovators.
“It is truly sad to see President Biden cave to the demands of the left’s most vocal and extreme antitrust activists rather than stand up for sound policies that support America’s economy,” said Chair Scott Brown. “Increasing aggression from the Chinese Communist Party has highlighted the need to counter Beijing’s quest for global technological dominance. Unfortunately, the Biden Administration is ignoring these warnings, and instead asking Congress to fork over more taxpayer dollars to a federal department that’s attacking America’s innovators. Giving Merrick Garland and Jonathan Kanter more money to sabotage our greatest assets in the U.S.-China tech race is a bad idea that conservatives in Congress must oppose.”
The Competitiveness Coalition is a first-of-its-kind group educating the public and advocating for policies that put consumers first while fostering innovation and attracting new investment.