Folks,
While we are fighting to get personal protective gear for
frontline healthcare workers, ensure families can afford rent and
keep food on the table, and keep small businesses from
permanently closing their doors - we cannot let corporations and
large companies run away with relief funding and carry on with
business as usual while our attention is elsewhere.
I've called for a broad moratorium on most mergers during the
COVID-19 crisis and am urging my colleagues to include this plan
in any future coronavirus relief package Congress takes up. I am
also calling on the Treasury Department and the Federal Reserve
to stop large companies that have received coronavirus relief
funds from taking part in any harmful mergers.
It's simple: We can't let corporations and other
large companies consolidate power while the national attention is
focused elsewhere. We have to ensure workers have a functioning,
competitive economy to return to once this crisis is over.
Will you stand with me on this? It's unconscionable that we'd
let small businesses fail but let corporations grow and
strengthen during this economic crisis. Add your name if you
agree →
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This isn't a "just in case" plan to tackle theoretical future
mergers: After the pandemic hit, Uber entered negotiations to buy
the food delivery app Grubhub.
We cannot allow corporations like Uber - that already has its
own Uber Eats delivery service - to monopolize the food delivery
market, especially when families are relying on food delivery
more than ever and local restaurants depend on delivery orders to
stay in business.
This is an economic crisis - one that is hitting Main Street
hard. We can't let Wall Street take advantage of a global
pandemic.
Add your name to join me in calling for a halt on mergers during
the COVID-19 pandemic →
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Thanks for standing up for working families,
folks.
-- David
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