Price hikes are hurting consumers and small businesses. And, if the American Innovation and Choice Online Act is passed, there’s going to be more pain as the already-high prices will skyrocket leaving consumers and small businesses with fewer choices.
Per the U.S. Chamber, the act would prohibit or limit the following: store-branded products, ancillary services among identified companies and additional benefits, such as free shipping on certain products.
What are better alternatives that could effectively protect consumers and small businesses? According to Forbes.com, explore cost-cutting measures without sacrificing quality, diversify products and services and support gradual price increases.