With Congress in recess, NACS members are encouraged to keep the momentum going in their home districts, urging legislators to keep debit card swipe fee reforms intact.
The House and Senate will continue its Easter recess and will not return to Washington until May 2. This is the perfect time to communicate with your elected leaders who will be in their home offices. Take this opportunity to request meetings with your senators and representatives. Many of them host office hours and you can find specific information on their websites. This is a critical time to remind your elected officials of our most pressing issue: keeping debit card swipe fee reform intact! Call the NACS government relations team at (703) 684-3600 for assistance with meeting your members of Congress over the recess.
President Barack Obama signed a bill repealing the 1099 reporting provision enacted as part of the health-care reform bill. The repealed provision would have required all businesses to file a 1099 form with the Internal Revenue Service for each contractor whom they have cumulative transactions of $600 or more.
Our industry paid out $9 billion in credit and debit card fees in 2010, according to the latest NACS State of the Industry data. Express your outrage to your members of Congress at nacsonline.com/swipefeesletter.