A PYMNTS Company

US: Vetoing liquor privatization, Pennsylvania’s Governor says competition would raise prices

By  |  July 5, 2015

Yesterday Pennsylvania Gov. Tom Wolf vetoed a bill that would have privatized the sale of wine and liquor while liberalizing the rules for selling beer in the Keystone State. Wolf counterintutively argues that replacing the state monopoly with private businesses would be bad for consumers.

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    yesSubscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

    “During consideration of this legislation,” he says, “it became abundantly clear that this plan would result in higher prices for consumers.” He also worries that letting private businesses sell beer and wine would result in “less selection for consumers.”

    According to the Pittsburgh Post-Gazette, Wolf and his fellow Democrats “warned that prices would rise as private businesses sought profit.”

    Full content: CBS Philly

    Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.