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	<title>Comments on: Markey&#8217;s angry letters to credit card companies maybe more effective than legislation</title>
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		<title>By: real christmas trees online</title>
		<link>http://coloradoindependent.com/41173/markeys-angry-letters-to-credit-card-companies-maybe-more-effective-than-legislation/comment-page-1#comment-517228</link>
		<dc:creator>real christmas trees online</dc:creator>
		<pubDate>Sun, 30 Oct 2011 01:11:24 +0000</pubDate>
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		<title>By: epi speedy</title>
		<link>http://coloradoindependent.com/41173/markeys-angry-letters-to-credit-card-companies-maybe-more-effective-than-legislation/comment-page-1#comment-43543</link>
		<dc:creator>epi speedy</dc:creator>
		<pubDate>Fri, 13 Aug 2010 16:52:12 +0000</pubDate>
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		<description>The following article discusses how comprehensive, standardized, simplified, and transparent credit card reform legislation may fund a Natural Disaster Trust Fund.</description>
		<content:encoded><![CDATA[<p>The following article discusses how comprehensive, standardized, simplified, and transparent credit card reform legislation may fund a Natural Disaster Trust Fund.</p>
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		<link>http://coloradoindependent.com/41173/markeys-angry-letters-to-credit-card-companies-maybe-more-effective-than-legislation/comment-page-1#comment-29421</link>
		<dc:creator>uggsbootsonsale</dc:creator>
		<pubDate>Thu, 12 Nov 2009 14:11:01 +0000</pubDate>
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		<title>By: brianjdonovan</title>
		<link>http://coloradoindependent.com/41173/markeys-angry-letters-to-credit-card-companies-maybe-more-effective-than-legislation/comment-page-1#comment-29051</link>
		<dc:creator>brianjdonovan</dc:creator>
		<pubDate>Sun, 01 Nov 2009 08:52:51 +0000</pubDate>
		<guid isPermaLink="false">http://coloradoindependent.com/?p=41173#comment-29051</guid>
		<description>The average interchange fee in the U.S. is seven times the interchange fee set by Visa and MasterCard in countries throughout the rest of the world. Using 2008 figures, if the interchange fee charged by credit card issuers was decreased (via comprehensive credit card reform legislation) from the current 2.10% to 0.60%, the result would be an annual savings of approximately $34.3 billion for U.S. merchants and consumers.&lt;br&gt;&lt;br&gt;Let&#039;s be clear. The interchange fee is a hidden tax, just not a tax subject to political control or for which there is any discernible social benefit. Decreasing, and imposing a transparent tax on, the interchange fee would have the same stimulus effect of a tax break, but without an impact on the federal budget.&lt;br&gt;&lt;br&gt;The following article discusses how comprehensive, standardized, simplified, and transparent credit card reform legislation may fund a Natural Disaster Trust Fund.&lt;br&gt;&lt;br&gt;&lt;a href=&quot;http://www.csnews.com/csnews/images/pdf/creditcardreform.pdf&quot; rel=&quot;nofollow&quot;&gt;http://www.csnews.com/csnews/images/pdf/creditc...&lt;/a&gt;</description>
		<content:encoded><![CDATA[<p>The average interchange fee in the U.S. is seven times the interchange fee set by Visa and MasterCard in countries throughout the rest of the world. Using 2008 figures, if the interchange fee charged by credit card issuers was decreased (via comprehensive credit card reform legislation) from the current 2.10% to 0.60%, the result would be an annual savings of approximately $34.3 billion for U.S. merchants and consumers.</p>
<p>Let&#39;s be clear. The interchange fee is a hidden tax, just not a tax subject to political control or for which there is any discernible social benefit. Decreasing, and imposing a transparent tax on, the interchange fee would have the same stimulus effect of a tax break, but without an impact on the federal budget.</p>
<p>The following article discusses how comprehensive, standardized, simplified, and transparent credit card reform legislation may fund a Natural Disaster Trust Fund.</p>
<p><a href="http://www.csnews.com/csnews/images/pdf/creditcardreform.pdf" rel="nofollow">http://www.csnews.com/csnews/images/pdf/creditc&#8230;</a></p>
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