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AFP Opposes Proposed Soda Tax Legislation

August 07, 2014

Dear Representatives: On behalf of more than two million Americans for Prosperity activists in all 50 states, I write to express our strong opposition to Representative DeLauro’s Sugar-Sweetened Beverages Tax (SWEET) legislation. This bill would establish a tax on sugar-sweetened beverages at a rate of 1 percent per every 4.2 grams of caloric sweetener, which [...]

Issues: Taxes

AFP Urges House Financial Services Committee to Investigate the Federal Reserve’s Interest in Electronic Payments

August 05, 2014

Today, Americans for Prosperity sent a letter to the House of Representatives Financial Services Committee expressing concerns over the Federal Reserve’s interest in entering the electronic payment processing business. More information on the issue can be found here. The full letter text is below:   August 05, 2014 Dear Chairman Hensarling: On behalf of more than [...]

Next on the Federal Reserve’s Agenda: Your Credit Card

July 31, 2014

If there is one thing the Obama Administration has done with unwavering consistency, it is acting outside of its authority. Recently, the Federal Reserve has expressed interest in entering the electronic payments industry. More specifically: processing credit and debit card transactions. The possibility of this happening is alarming as it would mean the federal government would be trying to compete in an industry they regulate. This could pose a serious threat to the free market and competition in the electronic payment industry.

Issues: Banking & Financial Services