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Columbus Dispatch | October 5, 2011

“Congress hailed it as a victory for consumers last year when it decided to impose price controls on banks, capping ‘swipe’ fees they charge merchants for debit-card transactions. In reality, what Congress imposed was a new monthly tax on debit-card users…The new debit-card fees are another example of why government should not pick losers and winners in the marketplace: The likeliest loser is the consumer.”

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