Paul Winfree
Bidenomics Goes Online: Increasing the Costs of High-Speed Internet
One of President Biden’s top economic objectives is “lowering prices” for high-speed internet. Central to the Biden Administration’s plan to accomplish this goal is the Affordable Connectivity Program (ACP). ACP is based on a temporary program initiated during the COVID-19 pandemic to provide a subsidy for eligible low-income households. The subsidy is paid directly to participating broadband service providers. Contrary to the President’s intentions, ACP enrollment is associated with higher monthly charges for fixed broadband internet.