July 25, 2022

National Polls Finds Little Support for Proposed Antitrust Bills

As lawmakers consider various bills to curb Big Tech, a new national poll conducted by AXIS Research found that 70 percent of voters oppose proposals to add new antitrust regulations for technology companies.

Candidates running for office who support the proposed regulations are likely to lose support from voters, the U.S. Chamber of Commerce noted. Sixty-one percent of Republicans and 53 percent of independent voters said they were more likely to oppose candidates that support such bills, while a plurality of Democrat voters (42 percent) also said they were more likely to oppose than support (35 percent) candidates.

Rather than targeting Big Tech companies, voters said they wanted Congress to focus on the economy (30 percent) and inflation (28 percent). Only 1 percent of those polled thought Congress should prioritize regulating technology companies.

“Congress should abandon unnecessary, harmful changes to America’s antitrust laws that would drive up prices and reduce choices for American families,” U.S. Chamber Executive Vice President and Chief Policy Officer Neil Bradley said. “It makes zero sense for Congress to pursue proposals that would make it illegal for companies to offer free shipping, discount goods, or complimentary services. Voters have made it clear they don’t like this bill and they want Congress to focus on taming inflation. Amazingly, the proposed legislation would likely lead to higher prices.” 

Other findings from the AXIS Research poll include: 

  • 64 percent are concerned about where the economy is headed.
  • 88 percent of voters agreed that competition in the market means consumers get to select the best products and services that are offered at the best prices. 
  • 81 percent of voters believed that market competition, not government regulation, is the fuel of American innovation. 
  • 32 percent believed that government regulators should play a larger role in determining which products and services are allowed to compete in the marketplace.
  • 54 percent of voters thought the government should prioritize lowering prices for consumers while only 16% believed they should prioritize keeping businesses from getting too big. 
  • When asked what should be done about tech regulation, only 5 percent support more regulation on Big Tech, 4 percent supported breaking up large tech companies and only 3 percent supported limiting large tech firms from growing further.