Amazon.com Inc.\u2019s expansion plans, including its agreement to buy Whole Foods Market Inc. for $13.7 billion, are raising hackles in Washington - and Wall Street is taking notice. A U.S. lawmaker has called for hearings on the proposed deal to consider its ramifications for shoppers and workers. Hedge-fund manager Doug Kass has taken a short position on the fast-growing online retailer, saying government antitrust concerns will erode its value. In June, Goldman Sachs issued a note questioning whether tech stocks are overpriced and whether investors have overlooked the risks associated with potential government regulatory issues. You May Also Like To Watch: Still, Amazon\u2019s shares have gained 34 percent this year, rising to $1,003.21 at 2:01 p.m. Friday in New York. Experts and analysts have largely dismissed antitrust threats for the world\u2019s largest online retailer because the company doesn\u2019t have large market concentration in any one product category and it has a track record of helping keep prices low for shoppers. A key legal question is whether Seattle-based Amazon has grown to the point of discouraging innovation from competitors. \u201cThere\u2019s a concern Amazon might be getting too big,\u201d said Michael Carrier, antitrust expert at Rutgers University School of Law in New Jersey. \u201cThe odds are the Whole Foods acquisition will go through, but these political winds will create a bit of a fight.\u201d U.S. Representative David Cicilline, a Democrat from Rhode Island, on Thursday wrote a letter to the chairman of the House Judiciary Committee requesting hearings about Amazon\u2019s Whole Foods acquisition, saying the deal was part of a wave of consolidation that has \u201cdecreased wages and resulted in gross inequality in the workplace.\u201d \u201cAmazon\u2019s proposed acquisition of Whole Foods raises important questions concerning competition policy, such as how the transaction will affect the future of retail grocery stores, whether platform dominance impedes innovation, and if the antitrust laws are working effectively to ensure economic opportunity, choice and low prices for American families,\u201d Cicilline wrote. CVS Health Corp. is based in Rhode Island and analysts have speculated that Amazon could use Whole Foods\u2019 retail locations to launch a pharmacy business. Also on Thursday, Kass, owner of Seabreeze Partners Management Inc., announced in a blog post that he was shorting Amazon due to risks of antitrust issues. \u201cMy understanding is that certain Democrats in the Senate have instituted the very recent and preliminary investigation of Amazon\u2019s possible adverse impact on competition,\u201d he wrote. Amazon\u2019s purchase of the grocery retailer is expected to be completed later this year. Whole Foods would be the biggest acquisition in the e-commerce giant\u2019s history and represents a dramatic shift in its business model from selling items online to luring shoppers into stores. Most analysts aren\u2019t worried about the Whole Foods deal being derailed by antitrust probes, partly because the food-store chain had just 1.6 percent of the U.S. grocery market, according to Euromonitor, and is dwarfed by operators such as Wal-Mart Stores Inc., which has more than 26 percent of the market and Kroger Co. with 10 percent. Antitrust issues typically surface when a retailer controls 30 percent or more of a particular geographic market, said Michael Pachter, analyst at Wedbush Securities Inc. \u201cKass is wrong,\u201d Pachter said. \u201cThe Senate may look at Amazon, but they\u2019re not going to find anything.\u201d Amazon and Whole Foods declined to comment.