Again, welcome to Biden’s America, where everything is rapidly going up except your salary.
And now, the next time you mail through the United States Postal Service (USPS), it’s going to cost you extra.
In a bulletin published Wednesday, the USPS said it filed notice with the Postal Regulatory Commission, seeking approval to raise the price of stamps starting July 10.
The price of a Forever stamp would rise to 60 cents.
The USPS’ rate hike, upping first-class mail prices by 6.5%, took effect Sunday, according to the agency. When the USPS made its announcement in April, it noted that the 6.5% increase would still be below inflation, which is sitting at a rate of 8.6%.
Here’s what the Postal Service said in a statement:
“As inflation and increased operating expenses continue, these price adjustments will help with the implementation of the Delivering for America plan, including a $40 billion investment in core Postal Service infrastructure over the next ten years. With the new prices, the Postal Service will continue to provide the lowest letter-mail postage rates in the industrialized world and offer a great value in shipping.”
| USPS Product | Current cost | Cost after July 10 |
| Letters (1 oz.) | 58 cents | 60 cents |
| Letters (metered 1 oz.) | 53 cents | 57 cents |
| Letters (additional ounces) | 20 cents | 24 cents |
| Domestic postcards | 40 cents | 44 cents |
| International letters (1 oz.) | $1.30 | $1.40 |
According to the Brookings Institution, Postal Service has more than 600,000 employees and is among the largest federal agencies, with only two private companies — Walmart and Amazon — employing more people. Rather than receiving taxpayer dollars, the agency relies solely on revenue from stamps and other fees.
The Daily Wire explained it further:
Rising fuel prices are a primary driver of high inflation in the United States. The price of gasoline has risen from $3.12 to $4.77 between July 2021 and July 2022, according to the U.S. Energy Information Administration, with prices temporarily surpassing $5.00 per gallon in June. The Postal Service logged 1.2 billion miles of travel in 2021, according to the agency’s website.
As gas prices continued to rise in recent months, multiple White House officials — including President Joe Biden, Transportation Secretary Pete Buttigieg, and Energy Secretary Jennifer Granholm — have argued that high costs for nonrenewable energy would accelerate a transition to green energy, especially as more Americans buy electric cars. However, after President Biden issued an executive order telling all federal agencies to convert to “clean and zero-emission vehicles” by 2035, the Postal Service decided to proceed with an $11.3 billion contract to replace its fleet primarily with gas-powered vehicles.
Officials had repeatedly warned that without congressional action, the Postal Service would run out of cash by 2024. The final bill achieved rare, bipartisan support by scrapping some of the more controversial proposals to settle on core ways to save the service.
Delivering the mail is among the most popular things the government does, with 91% of Americans having a favorable opinion of the Postal Service, according to a Pew Research Center poll released in 2020.
Sources: DailyWire, Forbes, Brookings Institution
