Costs will rise Quotes

“As an industry leader, Chase does not engage in several practices -- universal default, two-cycle billing and increasing a rate based on a change in a credit score -- addressed by the bill, but we believe the legislation as passed today has the potential of increasing overall costs to consumers, reducing access to credit, and reducing or eliminating low-rate options for consumers.”

Stephanie Jacobson, first vice president of public affairs for Chase Card Services.

Legislation likely to result in higher interest rates for consumers is not the answer. [This bill] would broadly constrain the ability of financial institutions to price risk, likely resulting in less access to credit and in higher interest rates for consumers.

The Bush White House’s statement,

[The bill], while well-intentioned, will increase the cost of credit for consumers and small businesses across the country, result in less access to credit for consumers and businesses alike, and may further roil the securities markets -- all at a time when our economy can least afford it.

Edward Yingling, president and CEO of the American Bankers Association.

Every liberal on the campaign trail has a plan to deliver free, socialized medicine, but no country on earth, folks, can possibly pay for every test for everybody without going bankrupt.

Rush Limbaugh
01/25/2008 | Full Details | Law(s): Universal Healthcare

Elimination of sections 327 and 328 [of the Safe Water Drinking Act] would not make production of oil and natural gas in the United States any safer, but could substantially increase domestic oil and natural gas production costs, thereby decreasing domestic supply.

David E. Bolin, deputy director of the State Oil and Gas Board of Alabama, Testimony, Committee on Oversight and Government Reform, U.S. House of Representatives.

To prejudice a narrow sector of the U.S. economy with the aim of funding a broad-based entitlement program is grossly unfair and burdensome to American businesses and consumers.

Chamber of Commerce, The Phoenix Business Journal.

I’m scared that this provision will add a pretty significant cost. You’re going to see a lot of small guys just close up shop.

Bill K. Caylor, president of the Kentucky Coal association. International Herald Tribune.

The increased cost of labor is folded into a bid for a state contract that is then passed on to the state government (which is funded by taxpayers).

Carl Gipson, Director, Center for Small Business.
03/01/2007 | Full Details | Law(s): Living Wage

I’m going to have to raise prices for all my drinks and appetizers a dollar and entrees two dollars. I don’t know how else to do it. We are known as the best restaurant city in the world, but we are going to start lagging because there will be a lack of service, a lack of staff in the dining hall. Something has to give.

Dave Stanton, managing partner of Tres Agaves a the Mexican restaurant near AT&T Park. The San Francisco Chronicle.

How can we afford this? You can only charge so much for a hamburger, and then people will stop coming. I'm 52 and was hoping to do this until I retire, but the city is going to force me out of business.

Richard Crain, owner of the Village Grill, a San Francisco restaurant, The San Francisco Chronicle.