By SUDEEP REDDY
Retailers could get more aggressive about levying higher prices on customers using credit cards under a measure being considered in the U.S. Senate.
As part of a sweeping bill to change the rules for credit cards, a pair of senators are pushing to lift constraints that Visa, MasterCard and other credit card networks impose on merchants’ ability to offer discounts for paying by cash or check.
This is such an excellent idea. It will be totally unAmerican however. Consumer debt and consumer spending drives the economy of this country. Taking cash puts controls on the spending and weakens the retailers. It is god-send for the consumers however.