But then last Wednesday’s passage of the USPS Fairness Act bucked the trend: It won a massive 309-to-106 majority in the House, including all 232 Democratic representatives, plus 87 Republicans. It does have sister legislation waiting in the Senate, which still needs to be passed. And then Trump (or whoever succeeds him) has to sign it — unless the bill passes the Senate with a similar two-thirds-or-more majority, in which case it’s veto proof.
What the USPS Fairness Act does is scrap a requirement first imposed by the Postal Accountability and Enhancement Act (PAEA) of 2006 — that the USPS set aside enough money to cover its likely pension costs for the next 75 years. To fully understand the significance of that, we need to back up slightly.