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Conservative influencer calls out Trump's credit card cap as proposal that 'socialists' support

close Video Trump eyes 10% credit card interest rate cap to boost affordability Financial influencer Taylor Price joins 'Fox & Friends Weekend' to discuss President Donald Trump’s proposed cap on credit card interest rates and how it could impact young adults’ debt and access to credit. NEWYou can now listen to Fox News articles! Conservative influencer and Wharton Business School graduate Arynne Wexler was critical in a new post of President Donald Trump's suggested credit card rate cap, saying it was essentially a socialist policy.

Conservative influencer calls out Trump's credit card cap as proposal that 'socialists' support

Credit: Foxnews

Key Highlights

  • Wexler shared the video with her more than 386,000 Instagram followers, and it received over 54,000 views as of Thursday morning. She pointed out that she attended the same business school as Trump and doesn't agree with the president on "everything." "This 10% interest cap is being sold to you as if it will mean that people who currently pay high rates will simply have their rates lowered to 10%.
  • And that is just not how this works," she said.
  • TRUMP OPENS DOOR TO LIZ WARREN ON CREDIT CARD RATES AS GOP WEIGHS AFFORDABILITY FIGHT Conservative influencer Arynne Wexler said President Donald Trump's idea about capping credit card interest rates would backfire.
  • (Jason Davis/ for DailyWire+) Trump floated capping credit card interest rates at 10% for one year over the weekend, arguing that it would help Americans catch up on their debt."I want a cap on credit card interest rates, because some of them are almost 30%," Trump told reporters on Monday.
  • "And the people don’t know they’re paying 30%.
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Sources

  1. Conservative influencer calls out Trump's credit card cap as proposal that 'socialists' support

This quick summary is automatically generated using AI based on reports from multiple news sources. The content has not been reviewed or verified by humans. For complete details, accuracy, and context, please refer to the original published articles.

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