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Op-ed Placement

Retailers Seek a Wealth Transfer From the Banks

On Friday, March 21, the United States Court of Appeals for the District of Columbia handed retailers a considerable setback in their ongoing war against banks over price controls on interchange fees-the fees charged to retailers when they accept debit cards as payment. The court's decision is the latest salvo in the wake of the Durbin Amendment, which was hurriedly and quietly added to the Dodd-Frank financial services reform legislation of 2010. The amendment mandated that the Federal Reserve Board establish price caps for debit card interchange fees. Retailers claimed the caps were necessary to protect consumers, but the reality of the Durbin Amendment has been a direct transfer of resources from banks to retailers, with consumers facing higher costs as collateral damage.

03/25/2014
The Ramifications of the Nuclear Option Explained - By Democrats
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Blog

The Ramifications of the Nuclear Option Explained - By Democrats

The nuclear option is an abuse of power. 

11/21/2013
Obamacare Will Harm Everyone. Do Not Fund It. Repeal It.
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Obamacare Will Harm Everyone. Do Not Fund It. Repeal It.

Many have said that once Obamacare gets rolling and the subsidies start flowing that repealing the law will be impossible. In fact, that's become conventional wisdom.

09/27/2013
Dick Durbin Questions The Wisdom Of The First Amendment
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Dick Durbin Questions The Wisdom Of The First Amendment

While many Americans were recognizing the solemn events of the Memorial Day Weekend, the inside the beltway Sunday news shows rolled inexorably on. One US Senator used the opportunity to call question the wisdom of one of the most sacred of all liberties that are protected by the Constitution. In a poorly timed attack on the freedoms that the soldiers we honored fought and died for, Dick Durbin questioned the First Amendment protections enjoyed by bloggers and users of social media:

05/30/2013
In the Shadow of the Senate: A New Tax Emerges
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In the Shadow of the Senate: A New Tax Emerges

In the midst of chaotic negotiations between the Senate and the House over the debt ceiling, Senator Dick Durbin (D-Ill.) had another priority: introducing the Main Street Fairness Act, a new quasi-federalized Internet sales tax.

08/01/2011
Battle Over the Internet Sales Tax Intensifies
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Battle Over the Internet Sales Tax Intensifies

In recent weeks, several states have debated imposing an Internet sales tax on businesses operated within the state. California has already pushed through a new Internet sales tax, with Governor Jerry Brown signing the legislation and hailing it as a ‘tax revenue’ increaser. As with all government actions, there have been some unintended consequences with the new California law; Amazon and O.co have shut down their affiliates based in California, taking thousands of jobs with them.

07/12/2011
The Fight Has Just Begun: The Internet Sales Tax
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The Fight Has Just Begun: The Internet Sales Tax

On Tuesday, Governor Rick Perry issued his first veto of the year, vetoing HB 2403, an Internet sales tax bill which FreedomWorks opposed. By vetoing HB 2403 Governor Perry has saved taxpayers and business alike from burdensome regulations and new taxes. In vetoing the legislation Perry cited that a key reason for his veto was that there was no consensus between lawmakers, tech experts, consumers and retailers.

06/02/2011
A New Internet Sales Tax in Tennessee?
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A New Internet Sales Tax in Tennessee?

Tennessee lawmakers are pushing SB 0529, which would force Internet retail giant Amazon to collect state sales taxes that would be passed along to consumers. Amazon has threatened not to build planned distribution centers in Tennessee if the measures are put in place; they have already left Illinois, South Carolina and are threatening to leave Texas for similar legislation.

05/17/2011
Stop the Internet Sales Tax
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Stop the Internet Sales Tax

Senators Dick Durbin (D-Ill.) and Mike Enzi (R-Wyo.) are expected to introduce a bipartisan bill aimed at increasing your taxes by taxing purchases you make on the internet.  The bill’s name is deceitfully titled the Main Street Fairness Act of 2011 – it is neither main street nor fair. The bill seeks to hurt online retailers and consumers alike, and will suppress internet entrepreneurship and your wallet.

05/06/2011