Bernie Sanders plans to introduce legislation based on Trump's credit card rate promise

WASHINGTON (TNND) — Sen. Bernie Sanders, I-Vt., said Tuesday he would introduce legislation to limit credit card interest rates to 10 percent, noting that President-elect Donald Trump made a similar promise during the election campaign.

The legislator job on social media platform X, he hopes Trump will “keep his word” to cap rates.

“On the campaign trail, Donald Trump stood up and said he would cap credit card interest rates at 10%. You know what? This is a good idea,” Senator Sanders wrote. “I’m going to introduce a bill to do just that.”

“I sincerely hope that Trump keeps his word,” he added.

Attached to the post is an excerpt from a Dec. 5 episode of “The Weekly Show with Jon Stewart” podcast, in which the lawmaker said that while it was a great idea to limit fares, “let’s see how far ‘where is (Trump) going? »

“He’s going to have to walk a bit of a tightrope, because he’s made promises to working-class people,” Senator Sanders noted.

Some proposals put forward by Trump, Elon Musk, who will co-lead the new Department of Government Effectiveness, and Robert F. Kennedy Jr., named secretary of the Department of Health and Human Services, made sense, according to the senator.

“When they say good things and appropriate things, I think we should work with them,” Senator Sanders said, referring to Republicans.

The lawmaker highlighted Elon Musk’s support for cutting federal spending in areas like the military. Senator Sanders emphasized that he has understood for years how bloated the defense budget is and how many defense contractors engage in fraud, waste and “massive” cost overruns.

“I have legislation to cut military spending by 10 percent. Recently, you may have noticed, Elon Musk came out and said, “You know what? We should reduce military spending,” the lawmaker said. “How many Republicans will agree? »

Senator Sanders added that he was also trying to figure out how to “cross that line” between Kennedy Jr.’s comments. The candidate claimed “ultra-processed foods” led to obesity and suggested cutting out fluoride public water.

Do you have questions, concerns or advice? Send them to Ray at [email protected].