Rep. Ritchie Torres Opposes USPS Plan to Raise Stamp Prices, Citing Impact on Inflation-Hit Americans

Rep. Ritchie Torres (D-N.Y.) is strongly urging U.S. Postmaster General Louis DeJoy to reconsider his plan to raise the price of USPS forever stamps from 68 cents to 73 cents, an 8% increase. Torres argues that this price hike would have a "disparate impact" on those already battling inflation, particularly senior citizens living on fixed incomes.

The U.S. Postal Service has filed a notice to increase the price of first-class stamps, which would be the second price hike this year and the fifth in two years. If approved by the Postal Regulatory Commission, the proposed rate increases would take effect.

Torres contends that the Postal Service is obligated to maintain affordable prices for low-income families without internet access. He states that the proposed stamp price increase would intensify the impact of inflation and place a financial strain on those who can least afford it.

"The Postal Service is obligated to maintain affordable prices for low-income families without internet access," Torres said. "The proposed price increases would intensify the impact of inflation and place a financial strain on those who can least afford it, particularly senior citizens."

The Postal Service maintains that the price increases are necessary to achieve financial stability under its 10-year plan. However, Torres is urging the agency to reconsider the proposal, emphasizing the potential consequences for vulnerable Americans.

Rep. Torres's opposition to the proposed stamp price increase underscores the concerns of many Americans who rely on affordable postal services. As the Postal Regulatory Commission considers the rate increases, the potential impact on inflation-hit citizens, particularly seniors and low-income families, will likely remain a central point of discussion.

Key Takeaways

• Rep. Torres urges USPS to reconsider 8% stamp price hike to 73 cents.
• USPS plans second price hike this year, fifth in two years if approved.
• Torres argues hike would disproportionately impact low-income, senior citizens.
• USPS says hikes are needed for financial stability under 10-year plan.
• Debate continues over balancing USPS finances and affordability for Americans.