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U.S. Senator Dick Durbin. Photo courtesy of Wikipedia

Citizens Against Government Waste Names Sen. Dick Durbin November 2023 Porker of the Month

Posted on November 18, 2023November 18, 2023 By Ray Hanania No Comments on Citizens Against Government Waste Names Sen. Dick Durbin November 2023 Porker of the Month
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Citizens Against Government Waste Names Sen. Dick Durbin November 2023 Porker of the Month

Citizens Against Government Waste (CAGW) named on Thursday Nov. 16, 2023 U.S. Sen. Dick Durbin (D-Ill.) its November 2023 Porker of the Month for trying to take away everyone’s credit card benefits.

In 2010, Sen. Durbin led the effort to pass the Durbin Amendment, which set a limit on fees that banks charge retailers for debit card transactions. 

This caused banks and card issuers to lose billions of dollars and forced them to eliminate popular and widely used rewards programs for debit cards.

Now, Sen. Durbin is at it again by proposing legislation that would expand the Durbin Amendment to credit cards.  Sen. Durbin’s bill will take away benefits used by tens of millions of consumers across the country, including travel and loyalty reward programs. 

U.S. Senator Dick Durbin. Photo courtesy of Wikipedia
U.S. Senator Dick Durbin. Photo courtesy of Wikipedia

 

The 84 percent of Americans who have a credit card with a rewards program use them to pay for groceries and gas, family vacations and holiday travel.  Airline credit card benefits alone paid for 15 million flights and generated $23 billion in economic activity in 2022.

CAGW President Tom Schatz said, “Sen. Durbin’s legislation would significantly increase the government’s control over a competitive and popular marketplace.  If enacted into law, it would double down on harmful policies, damage the economy, and be a disaster for consumers. 

For trying to take away credit card benefits and rewards, Sen. Durbin was an easy choice for this month’s Porker.”  

Citizens Against Government Waste is a nonpartisan, nonprofit organization dedicated to eliminating waste, fraud, abuse, and mismanagement in government.  For more than two decades, Porker of the Month is a dubious honor given to lawmakers and government officials who have shown a blatant disregard for the taxpayers.

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Ray Hanania
Ray Hanania
Ray Hanania is an award-winning columnist, author & former Chicago City Hall reporter (1977-1992). A veteran who served during the Vietnam War and the recipient of four SPJ Peter Lisagor Awards for column writing, Hanania writes weekly opinion columns on mainstream American & Chicagoland topics for the Southwest News-Herald, Des Plaines Valley News, the Regional News, The Reporter Newspapers, and Suburban Chicagoland.  

His award winning columns can be found at www.HANANIA.COM Subscribe FREE today

Hanania also writes about Middle East issues for the Arab News, and The Arab Daily News criticizing government policies in the Israeli-Palestinian conflict.

Hanania was named "Best Ethnic American Columnist" by the New America Media in November 2007, and is the 2009 recipient of the SPJ National Sigma Delta Chi Award for column writing.

Email Ray Hanania at [email protected].

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Economy, Federal, Government, National, News, NewsWire, Politics, Taxes Tags:Citizens Against Government Waste, economy, eliminate credit card benefits, poor leadership, Porker of the Month, Sen. Dick Durbin, U.S. Senator Dick Durbin

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