SUBSCRIBE TO OUR FREE NEWSLETTER
Daily news & progressive opinion—funded by the people, not the corporations—delivered straight to your inbox.
5
#000000
#FFFFFF
5
#000000
#FFFFFF
Rep. Alexandria Ocasio-Cortez (D-N.Y.) speaks to a reporter on Capitol Hill. (Photo: Susan Walsh/AP)
Turns Out "Spooky 'Socialist' Proposals" Are Popular, Says AOC, As Poll Shows 70% of GOP Voters Back Plan to Cap Credit Card Rates
Progressive proposals are "winning over vast majorities of GOP voters because they are common-sense, humane policies," said the New York congresswoman
May 15, 2019
A survey released Tuesday found that nearly 70 percent of Republican primary voters support a proposal by Alexandria Ocasio-Cortez and Bernie Sanders to cap credit card interest rates at 15 percent.
Ocasio-Cortez and Sanders introduced the bicameral Loan Shark Prevention Act last week, vowing to tackle the greed of credit card companies that are turning a major profit by hitting Americans with exorbitant interest rates.
According to the Business Insider survey, 68 percent of respondents overall, and 73 percent of Democratic primary voters, said they either support or strongly support the legislation.
In response to the poll, Ocasio-Cortez tweeted: "Oh, what's that? All these spooky 'socialist' proposals are winning over vast majorities of GOP voters because they are common-sense, humane policies? Ya don't say."
\u201c\ud83d\ude0a Oh, what\u2019s that?\n\nAll these spooky \u201csocialist\u201d proposals are winning over vast majorities of GOP voters because they are common-sense, humane policies?\n\nYa don\u2019t say.\u201d— Alexandria Ocasio-Cortez (@Alexandria Ocasio-Cortez) 1557924073
The bicameral bill would establish a 15 percent federal cap on credit card interest rates while allowing states to set a lower maximum rate.
"There is no justifiable reason that a person--no matter their background--should be charged an interest rate higher than 15 percent," Ocasio-Cortez said in a statement after the legislation was introduced last week. "Rates higher than 15 percent are predatory debt traps, designed to keep working families underwater and allow predatory companies to enrich themselves off the misfortune of others."
On January 20th, it begins...
Political revenge. Mass deportations. Project 2025. Unfathomable corruption. Attacks on Social Security, Medicare, and Medicaid. Pardons for insurrectionists. An all-out assault on democracy. Republicans in Congress are scrambling to give Trump broad new powers to strip the tax-exempt status of any nonprofit he doesn’t like by declaring it a “terrorist-supporting organization.” Trump has already begun filing lawsuits against news outlets that criticize him. At Common Dreams, we won’t back down, but we must get ready for whatever Trump and his thugs throw at us. Our Year-End campaign is our most important fundraiser of the year. As a people-powered nonprofit news outlet, we cover issues the corporate media never will, but we can only continue with our readers’ support. By donating today, please help us fight the dangers of a second Trump presidency. |
Our work is licensed under Creative Commons (CC BY-NC-ND 3.0). Feel free to republish and share widely.
A survey released Tuesday found that nearly 70 percent of Republican primary voters support a proposal by Alexandria Ocasio-Cortez and Bernie Sanders to cap credit card interest rates at 15 percent.
Ocasio-Cortez and Sanders introduced the bicameral Loan Shark Prevention Act last week, vowing to tackle the greed of credit card companies that are turning a major profit by hitting Americans with exorbitant interest rates.
According to the Business Insider survey, 68 percent of respondents overall, and 73 percent of Democratic primary voters, said they either support or strongly support the legislation.
In response to the poll, Ocasio-Cortez tweeted: "Oh, what's that? All these spooky 'socialist' proposals are winning over vast majorities of GOP voters because they are common-sense, humane policies? Ya don't say."
\u201c\ud83d\ude0a Oh, what\u2019s that?\n\nAll these spooky \u201csocialist\u201d proposals are winning over vast majorities of GOP voters because they are common-sense, humane policies?\n\nYa don\u2019t say.\u201d— Alexandria Ocasio-Cortez (@Alexandria Ocasio-Cortez) 1557924073
The bicameral bill would establish a 15 percent federal cap on credit card interest rates while allowing states to set a lower maximum rate.
"There is no justifiable reason that a person--no matter their background--should be charged an interest rate higher than 15 percent," Ocasio-Cortez said in a statement after the legislation was introduced last week. "Rates higher than 15 percent are predatory debt traps, designed to keep working families underwater and allow predatory companies to enrich themselves off the misfortune of others."
A survey released Tuesday found that nearly 70 percent of Republican primary voters support a proposal by Alexandria Ocasio-Cortez and Bernie Sanders to cap credit card interest rates at 15 percent.
Ocasio-Cortez and Sanders introduced the bicameral Loan Shark Prevention Act last week, vowing to tackle the greed of credit card companies that are turning a major profit by hitting Americans with exorbitant interest rates.
According to the Business Insider survey, 68 percent of respondents overall, and 73 percent of Democratic primary voters, said they either support or strongly support the legislation.
In response to the poll, Ocasio-Cortez tweeted: "Oh, what's that? All these spooky 'socialist' proposals are winning over vast majorities of GOP voters because they are common-sense, humane policies? Ya don't say."
\u201c\ud83d\ude0a Oh, what\u2019s that?\n\nAll these spooky \u201csocialist\u201d proposals are winning over vast majorities of GOP voters because they are common-sense, humane policies?\n\nYa don\u2019t say.\u201d— Alexandria Ocasio-Cortez (@Alexandria Ocasio-Cortez) 1557924073
The bicameral bill would establish a 15 percent federal cap on credit card interest rates while allowing states to set a lower maximum rate.
"There is no justifiable reason that a person--no matter their background--should be charged an interest rate higher than 15 percent," Ocasio-Cortez said in a statement after the legislation was introduced last week. "Rates higher than 15 percent are predatory debt traps, designed to keep working families underwater and allow predatory companies to enrich themselves off the misfortune of others."
We've had enough. The 1% own and operate the corporate media. They are doing everything they can to defend the status quo, squash dissent and protect the wealthy and the powerful. The Common Dreams media model is different. We cover the news that matters to the 99%. Our mission? To inform. To inspire. To ignite change for the common good. How? Nonprofit. Independent. Reader-supported. Free to read. Free to republish. Free to share. With no advertising. No paywalls. No selling of your data. Thousands of small donations fund our newsroom and allow us to continue publishing. Can you chip in? We can't do it without you. Thank you.