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Illinois’ big blunder: How the swipe fee ban backfired and what it means

When a policy is so flawed its backers are looking for the exit, you know you’ve outdone yourself.

Illinois lawmakers have passed many anti-consumer bills, but their latest experiment banning credit card swipe fees on sales tax transactions takes their missteps to a new level. The law has barely taken effect, and original supporters are now scrambling to reverse course before the fallout hits.

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