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House Votes on USPS Rate Hike

USPS LogoWe all could see a First Class stamp prices increase to 49 cents if the full Congress votes on a measure approved within a House committee July 12th.

In April, stamp prices declined to 47 cents after an exigent rate increase expired. That rate increase had been meant to offset monetary losses due to the Great Recession.

“Prospects for congressional approval of major postal reform legislation have sharply increased with the approval of a bill that would boost stamp prices and require postal retirees to depend on Medicare for most medical expenses,” reads an article published by Linn’s Stamp News on Tuesday.

The article further mentions that the reform legislation calls for increased use of cluster boxes, rather than door-to-door mail delivery.

USPS responded to Target Marketing’s request for comment on Wednesday.

“The United States Postal Service thanks House Oversight and Government Reform Chairman Jason Chaffetz, Ranking Member Elijah E. Cummings, Rep. Mark Meadows, Rep. Gerald E. Connolly, Rep. Stephen F. Lynch and the other members of the Committee for their leadership in introducing postal reform legislation and for unanimously passing of the Postal Service Reform Act of 2016, H.R. 5714, out of committee,” reads the statement by USPS Postmaster General Megan J. Brennan. “This vote sends a strong signal that the bipartisan leadership of the committee intends to bring postal reform legislation to the floor of the House for a vote this year. While the bill does not include all of the elements that the postal service requested, it is the product of reasonable compromise and represents a significant step toward returning the postal service to a position of financial stability that all stakeholders agree it is necessary. We look forward to continuing to work with the House and Senate and our stakeholders to get a postal reform bill passed this Congress.”

Linn’s Stamp News says the bill also suggests that USPS may gain a presidential cabinet position if the proposal becomes law.

“It was removed from the cabinet during the Nixon administration,” reads the article by Bill McAllister, “when Congress decided to make the Postal Service an independent agency within the federal bureaucracy in 1971.”