Arguably one of the most concerning provisions in the Democrats’budget reconciliation package is enabling the Internal Revenue Service (IRS) to look into American’s bank accounts if they have deposits greater than $10,000, excluding salaries, each year. Not only does this provision represent a flagrant violation of privacy and a constitutional right to unreasonable search and seizures, […]
U.S. taxpayer dollars should not boost the profits of companies that are facilitating slave labor or building and operating concentration camps. America can build back better without resorting to the help of slave drivers and their accomplices. Unfortunately, the President’s colleagues in Congress are doing their very best to cut loopholes for the very worst. You can […]
For the last 15 years, the National Flood Insurance Program — the nation’s primary source of flood insurance — has lurched from one financial crisis to the next, accruing a massive $20.5 billion debt with the U.S. Treasury to cover its persistent shortfalls. Congress’ decision to cancel $16 billion of NFIP debt in 2017 only kicked the […]
Today, a coalition of think tanks submitted a letter to Congress urging them not to bailout the National Flood Insurance Program, but to make common-sense changes to the program. You can read the letter here.
A coalition letter send a letter to the U.S. Senate and House of Representative leadership in support of public policies to improve the flood resilience of homes and within communities. In particularly, the letter endorsed efforts by the Federal Emergency Management Agency to modernize the rate-setting system of the National Flood Insurance Program. The entire […]
Today, a coalition of tax and consumer groups wrote a letter to Congress in opposition to the $3.5 trillion proposal, calling it — not a “path for progress for Americans,” but rather a mixed bag of higher taxes andincreased wasteful spending for which taxpayers will ultimately be responsible. The coalition letter is available here online.
Despite trying to cut costs for consumers and businesses, research has consistently shown the Durbin amendment denied consumers access to no-fee and low-fee financial services. Moreover, this denial disproportionately harmed minority and low-income communities, preventing them from accessing formal lines of credit. The proposal to lower and cap interchange fees for credit card transactions would exacerbate […]
Today, ACI filed comments with the Federal Reserve regarding its proposed changes to debit card interchange fees and routing options. ACI raised numerous concerns about the Federal Reserve proposal, including how the proposed changes would increase fraudulent debit transactions and reduce consumer benefits. The filed comments are available online.
Surprise medical bills occur when out-of-network provider fees exceed what health insurance plans are willing to cover – the difference resulting in unexpected out-of-pocket expenses for patients. Between 2014 and 2017, it is estimated the average surprise medical bill could be anywhere from $220 to $628. The problem is particularly pronounced in emergency room visits and emergency surgeries […]
On August 6th the U.S. Postal Service released its financial report for the third quarter of the fiscal year, which was highlighted by a loss of $3.0 billion (comparing the latest three months in 2021 to the same period in 2020). The Postal Service now appears all but certain to be on the path toward […]