Washington, D.C. — U.S. Chamber of Commerce Executive Vice President and Chief Policy Officer Neil Bradley released the following statement today regarding the White House’s meeting with companies over pricing transparency.
“Efforts to mandate changes in prices through government action are price controls. Full stop. American businesses, consumers, and families know from experience what price controls lead to. Less competition, less innovation, fewer choices, and higher prices.
“Companies know best how to respond to consumer demands. Attempts to dictate pricing is nothing more than government control. If the administration wants to support American families facing higher prices, it should work with the business community to address the conditions that are keeping inflation high. More talent, more competition, and less government red tape will grow the economy and provide the conditions necessary for economic success.”