Let me fill you in on something that’s been going on in Congress lately. It’s a little complicated, but it could really mess up airline rewards programs and make travel way more expensive for a lot of people.
So, you’ve got these two senators: Dick Durbin (D-IL) and Roger Marshall (R-KS). In other words, this is a Uniparty scheme. They’ve been trying to push through a bill that would shake up how credit card payments work. Now, I’m no expert, but from what I understand, their idea is to force credit card companies to use some new, untested payment networks instead of the ones we’ve got now.
CLICK HERE TO JOIN OUR NEWSLETTERWhy’s that a big deal, you ask? Well, a bunch of airline companies and unions are freaking out because they think it could totally wreck those sweet rewards programs we all love. You know, the ones where you rack up miles and points to score free flights, upgrades, and other awesome perks.
Get this: According to a report from the airline industry group, a whopping 30 million Americans rely on airline credit cards to earn those rewards. If the bill passes and messes with that system, it could make travel unaffordable for a ton of people. We’re talking about potentially $23 billion in lost economic activity just from 2022 alone!
Can you imagine how much that would suck for the whole travel and tourism biz? Hotels, restaurants, attractions—they’d all take a massive hit. And that could mean thousands of jobs will go down the drain in cities that depend on those tourism dollars.
Now, here’s the really sketchy part. Since the airlines and other groups have been vocally opposing this bill, Durbin and Marshall seem to be trying to shut them up by sicking federal agencies on them. The Consumer Financial Protection Bureau and the Department of Transportation have suddenly announced this hearing in May to look into airline rewards programs. But I’m sure it’s all just a coinkydink, right? #eyeroll
VISIT OUR YOUTUBE CHANNELOn the surface, they’re saying it’s about “fair competition” or whatever. But it honestly feels like these senators are just flexing their muscles and trying to punish anyone who disagrees with their pet project. These guys are supposed to be working for us, right? To push this hard on a bill, it makes it look like they’re working for someone else. I’d love to know what’s in it for them, because this is a dangerous bill.
Look, I get that credit card fees and all that financial stuff is complicated. But does it really make sense to rush through a bill that could nuke a whole sector of the economy just for some political payback? Regular folks are still struggling with prices and inflation as it is, thanks to the very same people spending way too much money in the first place, and the last thing we need is to lose affordable travel too.
Instead of throwing their weight around, these senators should sit down and actually listen to the people and businesses this bill would impact. Maybe there’s a way to address fees or competition that doesn’t completely disrupt a system that millions rely on.
At the end of the day, the travel industry is crucial for jobs, small businesses, and just giving hard-working Americans a way to get away once in a while. Let’s not let some shady political maneuvering take that away, yeah? There’s got to be a better solution here that doesn’t leave families and communities high and dry.
Contact your representatives and let them know you don’t like the “Credit Card Competition Act of 2023.” The Capitol Hill switchboard number is 202.224.3121.
