Bank of America today announced it will soon charge
customers a monthly fee for using a debit card to make household purchases, a
move geared towards preparing for “
new
federal rules” in the
Dodd-Frank
bill. This is another example of how the job-crushing policies coming out
of Washington are taking money from the pockets of cash-strapped families and
small businesses. Here are two others:
Higher Health Care Premiums. According to
newly
released national survey, health care premiums in the workplace have jumped
by a “whopping” 9 percent in the year following enactment of President Obama’s
government
takeover of health care. For the typical family, this amounts to an
increase of more than $1,200. This is a far cry from the $2,500 decrease in
premiums the president promised his plan would bring – a $3,700 swing, to be
exact.
Higher Gas Prices. Average gas prices have risen by nearly
93 percent since the president took office, according to
AAA
data. Unfortunately, Washington has consistently blocked American energy
production that would
lower costs
and create jobs. As gas prices rise, so does the cost of everyday life.
Higher fuel prices force food suppliers to charge
restaurants and
grocery stores
more, costs that are inevitably passed on to customers. Small businesses are
also hit hard. “The price of gas was putting me out of business,” the owner of
a Kansas transportation company
said
recently.
Higher costs from regulations is also a major concern right
now, as evidenced by the Bank of America story. The Obama Administration
currently has
4,257 rules
and regulations in the works, of which at least 219 will have an economic impact
of $100 million or more – an increase of nearly 15 percent over last year.
There are, of course, good regulations that protect our kids and our
environment, but there are also excessive regulations that increase costs for consumers
and small businesses. It’s these unnecessary regulations that hurt job creation
and lead to higher prices for American families. In Speaker Boehner’s home
state of Ohio, there are roughly 845 regulations in the pipeline that would
affect small businesses – an
11.5
percent jump since 2009. Federal mandates are “
forcing
many area school districts to raise hot lunch prices” in Michigan, a state
suffering from 10.9 percent unemployment. Similar examples
abound.
Americans are paying more for health care, more for gas,
more for food, and more to stay in business – largely on account of the Obama
Administration – and now it wants taxpayers to send more of their hard-earned
money to Washington. “The economy is stalled, and it’s been stalled, and it’s
not because the American people have lost their way,” Speaker Boehner
said
recently. “It’s because their government has let them down.” Making
job-crushing tax hikes the centerpiece of a jobs plan further proves this
point.
20110929 Boehner WH to Taxpayers Send Us More Money
Boehner: White House to Taxpayers We Need You to Send Us
More Money
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