As we observe Small Business Week, it is important to reflect on the vital contributions that small businesses make to our national economy and the fabric of our local communities. These establishments are more than just the backbone of the economy; they embody the spirit of entrepreneurship and resilience that defines our nation. Small businesses ignite innovation, create the majority of new jobs, and build up local economies.
Yet, despite their critical importance, America’s entrepreneurs are consistently handicapped by disproportionately high operating costs that threaten their survival and growth. One of the most crippling financial burdens they face comes from an unexpected source: exorbitant credit card swipe fees levied by powerful financial conglomerates.
These swipe fees have surged by more than 50% since 2020, further squeezing the already tight margins of small…
