Senator Bernie Sanders plans to introduce legislation to limit credit card interest rates to 10%, citing a campaign promise made by President-elect Donald Trump. Sanders also expressed a willingness to work with Republicans on issues like reducing military spending, citing Elon Musk's stance.
Sen. Bernie Sanders , I-Vt., said Tuesday he will introduce legislation to limit credit card interest rates to 10%, noting President-elect Donald Trump made a similar promise on the campaign trail.on social media platform X that he hopes Trump “keeps his word” to cap the rates. “On the campaign trail, Donald Trump stood up and said he would cap credit card interest rates at 10%. You know what? That's a good idea,” Sen. Sanders wrote. “I'm going to introduce legislation to do exactly that.
'Attached to the post is a clip of a Dec. 5 episode of podcast 'The Weekly Show with Jon Stewart,' in which the lawmaker said that while it’s a great idea to limit the rates, “let’s see how far goes.” “He’s gonna have to walk a bit of a tightrope, because he’s made promises to working-class people,” Sen. Sanders noted. Some things floated by Trump, Elon Musk, who will co-head the new Department of Government Efficiency, and Robert F. Kennedy Jr., who was nominated to be the Department of Health and Human Services secretary, have made sense, according to the senator.“When they say good things and appropriate things, I think we should work with them,” Sen. Sanders said, referring to Republicans. The lawmaker pointed to Musk’s support for reducing federal spending in areas like the military. Sen. Sanders noted he has understood for years how the defense budget is bloated and how many defense contractors engage in fraud, waste and “massive” cost overruns. “I have legislation in to cut military spending by 10%. Recently, you may have noticed, Elon Musk came out and said, ‘You know what? We should be cutting military spending,’” the lawmaker said. “How many Republicans will go along?” Sen. Sanders added that he is also trying to figure out how to “walk that line” between Kennedy Jr.’s comments. The nominee has claimed that “ultra-processed food” has led to obesity and suggested removing fluoride from public water
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