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Sanders Backs Trump on Credit Card Interest Rate Cap: 10% Limit Proposed
Sen. Bernie Sanders says the US should cap credit card interest rates at 10% to address wealth inequality, a stance shared by former President Donald Trump. The move aims to protect consumers from predatory lending practices that disproportionately affect low-income Americans.
Senator Bernie Sanders says that capping credit card interest rates at 10% would be a crucial step in addressing income inequality, as it would disproportionately affect low-income Americans and help reduce wealth disparities. The proposal is seen as a nod to former President Donald Trump's criticism of high-interest rates on credit cards. Sanders argues that the wealthy elite are accumulating more wealth while the working class struggles, making this change necessary to address the issue.
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