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Rep. Alexandria Ocasio-Cortez (D-N.Y.) speaks to a reporter on Capitol Hill. (Photo: Susan Walsh/AP)
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."
Trump and Musk are on an unconstitutional rampage, aiming for virtually every corner of the federal government. These two right-wing billionaires are targeting nurses, scientists, teachers, daycare providers, judges, veterans, air traffic controllers, and nuclear safety inspectors. No one is safe. The food stamps program, Social Security, Medicare, and Medicaid are next. It’s an unprecedented disaster and a five-alarm fire, but there will be a reckoning. The people did not vote for this. The American people do not want this dystopian hellscape that hides behind claims of “efficiency.” Still, in reality, it is all a giveaway to corporate interests and the libertarian dreams of far-right oligarchs like Musk. Common Dreams is playing a vital role by reporting day and night on this orgy of corruption and greed, as well as what everyday people can do to organize and fight back. As a people-powered nonprofit news outlet, we cover issues the corporate media never will, but we can only continue with our readers’ support. |
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."