Last week, President Donald Trump kicked off a national debate when he said he wants to cap credit card interest rates. Such price controls will likely hurt the poor as high-risk credit will be shot off. But you can support that idea or oppose it — the Republican Party is divided over it — but Trump’s clear intent is to help working Americans with lowering their interest rates. Now sponsors of the previous failed credit card agenda are trying to push their corporate welfare bills alongside Trump’s proposed price controls in a way that will raise, not lower, interest rates. When it comes to price controls, two bads don’t make a good.
Read Full Article: https://dailycaller.com/2026/01/30/opinion-swamp-creatures-in-congress-try-to-reverse-trumps-rate-cuts-tomas-philipson/
