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(47,271 posts)
Mon May 20, 2019, 02:16 PM May 2019

How Sen. Amy Klobuchar would regulate big business

Sen. Amy Klobuchar is pledging to beef up antitrust oversight and consumer protection in her presidential campaign’s latest round of policy proposals, issues that have animated her during her tenure in the Senate. She also floated the possibility of investigating tech company mergers that have already happened, like Facebook. “That’s one example,” Klobuchar told POLITICO in an interview, adding that there are also “huge competitive issues” with drug and online travel companies.

“We want to be a capitalist society that works for everyone, and that means real competition that brings down prices, brings in new products and ideas, and that’s not going to happen if we have a few big guys dominating various industries in the United States,” Klobuchar said. “We have to look at it going forward, and then we also have to look at it looking backwards.”

(snip)

The plan also reiterates Klobuchar’s commitment to rural broadband, a subject she’s talked about frequently on the campaign trail and in her first campaign policy release on infrastructure. She calls for connecting all Americans to broadband by 2022 and restoring net neutrality rules. Klobuchar’s plan also calls for updating the tax code to support “gig workers” by establishing a national paid leave program, mandatory sick leave and portable retirement savings accounts, funded by employers.

(snip)

Elements of Klobuchar’s plan overlap with several other 2020 contenders. Sen. Elizabeth Warren proposed breaking up major tech companies, like Facebook and Amazon, in her regulatory proposal earlier this year. Former Colorado Gov. John Hickenlooper, a one-time brewpub owner, has also called for strengthening antitrust enforcement and ban employers from asking employees to sign non-compete agreements.

https://www.politico.com/story/2019/05/19/amy-klobuchar-big-business-2020-1333001

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