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1/ The Senate bill is STILL not public but we do know one thing:

This reckless, rushed deal is going to make corporate concentration worse – and that hurts ALL of us.
2/ Concerned about small businesses right now?

Corporate concentration is KILLING them. New biz creation is at a 40-year low. And the # of store closings reached a record in 2017 and AGAIN in 2019.

We have a NEGATIVE start-up rate.
3/ Care about inequality? Concentration is making it worse.

Workers are sharing in fewer profits today than they were 30 yrs ago even though corporations are making $14k MORE in profit per worker.
4/ Worried about wages? Corporate concentration is bringing them DOWN.

Labor’s share of income in salaries and benefits is 10% LESS than in the 1980s.…
5/ Worse still, corporate concentration is hurting job growth & quality.

Employment is roughly 13% LESS than it would be w/ a competitive labor market.

Concentrated firms hire fewer workers and produce less, yet make MORE profit than they would in a competitive market.
6/ What about helping families make ends meet?

Corporate concentration costs the average American household $5,000 per YEAR!…
7/ Want more innovation?

Corporate giants are too busy using their billions to prop up their own stock.

8/ Scared of drug shortages? Of PPE shortages? Of empty grocery stores?

Corporate concentration is BREAKING our supply chain. And globalized Just-In-Time delivery systems leave hidden risk everywhere.
9/ Anxious about national security? You should be.

We don’t make key components for dozens of military-significant items anymore (from missiles to circuit boards). We rely solely on China for them.

And 2/3 of major U.S. defense contracts were awarded with NO competition in '18
10/ On top of ALL of this, corporate giants are working overtime to rig our democracy.

They spent $3.4 billion in 2018 — an 8 year high! And that’s just what they reported.

Big biz probably doubled this w/ unregulated campaigns.…
11/ When we give corporate giants all the control, there’s no accountability.

Look at the Boeing 737 Max crash — and how the Board did NOTHING to stop the second crash.

They spent $20 billion on more buybacks instead.

12/ We desperately need to take corporate concentration seriously.

Over the past 20 years, more than 75% of industries have become more concentrated — on average, 90% more.

The Schumer/McConnell bill will dramatically accelerate this trend.
13/ NOW is the moment that matters.

We can choose to craft a fair deal or rubber stamp a transfer of power to big business.

The Schumer/McConnell deal hands corporate giants the keys.
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