Club for Growth opposes the USPS Fairness Act, H.R. 2382, and urges all Representatives to vote no. The legislation is expected to be considered soon in the House of Representatives. The result of the vote will be included in the Club for Growth Foundation’s 2020 Congressional Scorecard.
The legislation would repeal the pre-fund requirement for future retiree health care benefits for United States Postal Service workers. Currently, the Retirement Health Benefits Fund is a $70 billion unfunded liability. By repealing the pre-fund requirement, the U.S. taxpayer would be on the hook for an even larger unfunded liability, exposing the U.S. taxpayer to a massive taxpayer bailout.
The pre-fund requirement is in place to provide certainty the USPS will pay benefits it has promised postal workers and address the $70 billion+ unfunded liability. This legislation will come before the House on the suspension calendar, which is normally reserved for non-controversial legislation, because it currently has over 300 cosponsors, possibly due to a massive misinformation effort by the bill’s supporters.
The bill doesn’t pass the smell test to anyone that cares about fiscal conservatism. It would result in another massive taxpayer bailout akin to bailouts of Wall Street, Fannie and Freddie, Puerto Rico, Obamacare, the Highway Trust Fund, insolvent pensions, the auto industry, steel, Amtrak, and flood insurance (among others). Congress needs to stop punting fiscal accountability and vote down this suspension.