Gravitational force acts on all objects in proportion to their masses. Why then does a heavy object not fall faster than a light object?
Acceleration due to gravity.
It is the rate of change in velocity per unit of time of a body in free fall under the influence of earth's gravity only.
Here is the acceleration due to gravity, is the universal gravitational constant, is the mass of the Earth, is the radial distance from the center of the Earth, is the radial unit vector.
Since acceleration due to gravity is the same everywhere around the Earth and all objects experience the same acceleration as they fall, that's why heavier objects do not fall faster than lighter ones.