Mailing Industry Offers Support for Postal Reform Act of 2017
The Coalition for a 21st Century Postal Service (C21) testifies today in support of HR 756, the Postal Reform Act of 2017, introduced by a bipartisan group of members of the House Oversight and Government Reform Committee, including its leaders. C21 says the postal service is in deep financial trouble, and this bill would constructively address, among other things, retiree health obligations that account for many billions of dollars in “postal red ink.”
C21, an organization of business mailing associations and companies of every size, says not only is the postal system deeply in the red on its balance sheet from its virtually unique and unsustainable statutory prefunding obligations (operations are nominally in the black), it and its customers are confronting a mandated review of its rate-setting system this year.
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