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Postal Service Considers Entering Banking Industry to Shore Up Budget

The U.S. Postal Service’s (USPS) watchdog is suggesting the quasi-governmental agency enter the banking industry in hopes that taking up the role of private banks would “benefit Americans and generate much needed new revenue.” In addition to its primary services of delivering mail, USPS provides financial services such as domestic and international paper money orders, international remittances, open- and closed-loop gift cards, and limited check cashing. In fiscal year 2014, USPS spent $5.5...

Delaware Lawmakers Plan to Kill State’s ‘Death Tax’

As revenue from taxing families’ inheritances continues to dwindle, Delaware lawmakers are proposing a repeal of the state’s estate tax, also called the “death tax.” Caesar Rodney Institute President John Stapleford says Delaware’s estate tax has only been in effect for a few years, but its effects are already noticeable. “When the federal estate law was modified in 2001, Delaware lawmakers dropped the original state estate tax because they couldn’t pass the burden off at the federal level,”...

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