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Connecticut bill aims to lower costs by prohibiting taxes and tips in credit card swipe fees.
Connecticut businesses are burdened by high "swipe fees" of 2-4% charged by Visa and Mastercard, totaling $224 billion nationwide annually.
These fees are a significant operating cost and are applied to sales, gas, and alcohol taxes, raising prices for consumers.
Senate Bill 1460 proposes to prohibit including taxes and gratuities in swipe fees, aiming to lower costs for retailers and consumers.
The bill is seen as a potential win for the state's economy and small businesses.
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El proyecto de ley de Connecticut tiene por objeto reducir los costos al prohibir impuestos y propinas en las tarifas de deslizar tarjetas de crédito.