It’s no secret that affordability tops the list of concerns for families across the country, but credit card price controls will only make the situation worse and blunt much of the positive work President Trump has accomplished for the American people.
“We will no longer let the American Public be ‘ripped off’ by Credit Card Companies,” he wrote earlier this month on Truth Social. “I, as President of the United States, am calling for a one year cap on Credit Card Interest Rates of 10%.”
This is concerning news for those of us who proudly own a credit card. For years, our cards have been at risk from liberals such as Sen. Bernard Sanders, Vermont independent, who is pushing misguided price controls, regulations, mandates and even expensive lawsuits, arguing that consumers and small businesses are being squeezed. Unfortunately, Mr. Trump now appears to be pushing the same talking points as the far left.
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