Huffington Post: The Fight Over Wall Street’s ‘Invisible Tax’ #fightswipefees #swipefees


The Durbin Amendment’s an opportunity to end an unfair trade practice. It ends one of the many unscrupulous banking practices that continue to torment the average American. It ends the “invisible sales tax.” And it’s… a stimulus. Think of it as a way to return $14 billion every year to the real economy. And it doesn’t come from taxes, but from the bloated financial sector — a sector that’s already back to the historically high share of national profits that it had before the Great Recession.

via Richard (RJ) Eskow: Debit Card Sharps: The Fight Over Wall Street’s ‘Invisible Tax’.

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