Sen. Bernie Sanders, I-Vt., said he will push forward new legislation to cap credit card interest rates to 10%, which is something President-elect Donald Trump said he wanted to do temporarily on the campaign trail.
"During the recent campaign Donald Trump proposed a 10% cap on credit card interest rates. Great idea. Let’s see if he supports the legislation that I will introduce to do just that," Sanders wrote on X.
While campaigning in New York before winning the election against Vice President Kamala Harris, Trump threw his support behind a "temporary cap on credit card interest rates."
"We’re going to cap it at around 10%. We can’t let them make 25 and 30%."
During the recent campaign Donald Trump proposed a 10% cap on credit card interest rates. Great idea. Let’s see if he supports the legislation that I will introduce to do just that.
— Bernie Sanders (@SenSanders) December 30, 2024
