WASHINGTON, March 25 -- Sen. Sheldon Whitehouse issued the following press release:
U.S. Senators Sheldon Whitehouse (D-RI) and Josh Hawley (R-MO) today introduced the Stop Subsidizing Giant Mergers Act, legislation to end tax-free mergers involving large companies that provide taxpayer subsidies for acquisitions that consolidate corporate power.
"Families who get stuck paying higher prices because of anti-competitive mega-mergers should not also have to subsidize them with their tax dollars," said Senator Whitehouse. "It's time we pass my bipartisan bill to stem the corporate freeloading and encourage competition."
"For far too long, working Americans have struggled to provide for their families while being forced to subsidize the merg...