January 30, 2006 -- The USPS attempted to undermine the value of the pending postal reform legislation by suggesting that the bill could increase postage rates by as much as 20%. That is the product of convoluted logic that has been disputed by the sponsors of the bill. Both the House and Senate bills have specific caps on the amount rates can increase each year tied to the CPI. Consequently, should the legislation pass, the only opportunity for rates to be increased by more than CPI would be in an increase prior to enactment. Further, there is nothing in the legislation which would lead to such an increase. The USPS is suggesting that the Bush Administration is going to attempt to change the legislation to place more cost burdens on the USPS in the two retirement issues (military service retirement and civil service retirement fund issues); however, the legislation that the USPS
attacks would actually address these two matters positively for rates. Underlying the criticism of the legislation by the USPS is that they do not want increaased regulatory oversight by the current Postal Rate Commission which wouldbe renamed as the Postal Regulatory Commission.
The sponsors of the legislation in the Senate -- Senators SusanCollins and Tom Carper -- have issued a press release highly critical of the USPS for this release and their efforts to undermine the bill.
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