Senator Marshall: A 10% Credit Card Cap Would Save Families $150 a Month

Senator Marshall Joins CNN's The Lead with Jake Tapper

Washington - On Tuesday, U.S. Senator Roger Marshall, M.D. (R-Kansas), joined Jake Tapper on CNN's The Lead with Jake Tapper to detail his bill, the Credit Card Competition Act, and the economic wins that President Trump shared in Michigan today. He also touched on the recent events in Minnesota.

Click HERE or on the image above to listen to Senator Marshall's full interview.

On ICE officer's immigration crackdown:

"Well, Jake, I think the President's number one thing that he ran on was to secure the border and to make your family safe and secure. Now, I don't know every detail of every ice agent, but what Secretary Noem tells me is that their focus is on violent criminal aliens. Look, there's 300,00-400,000 violent criminal aliens that are still in this country. I think that that's their focus. Sometimes there's collateral damage, but we certainly want our families to be safe and secure. I wake up every day as a father, a grandfather and now a US senator, and ask "Is my family safe?" Is your family safe today? So that's what I'll keep encouraging ICE to do."

"You know, I come from a law enforcement family. I would, I would ask those people to respect law enforcement, and they'll be just fine that they should not interfere with law enforcement, and they're going to be just fine."

On the dangers law enforcement face:

"You know, it's a very much a tragedy, Jake, but we could be just as easily talking about the death of ICE agents. You know, a third of all law enforcement officers that are killed in the line of duty is because of vehicular homicide. So, I think that that case needs to go through the justice department. But what I'm saying is, when people are being arrested, when they're after that violent criminal alien, that sometimes there is other people out there, that maybe all they had is just their papers on them."

On tariffs:

"Well, look, what I can tell you is that we have increased trade in numbers in corn by some 10%. Soybeans is up 5%. Wheat is up as well, and sorghum is not doing as well. And by the way, the President just gave the farmers another $12 billion in total, the President has given the farmers $40 billion taking I assume is some of that tariff money to make the farmers whole. Look, China never buys more than $20 billion worth of goods as well. American farmer makes money is when we when we make a value-added product, like ethanol, when we turn corn into beef or soybeans into pork. That's when the American farmer makes money right now. It's not the President's fault that Brazil is now competing with us and actually beating us in some of these grain prices."

On the Credit Card Competition Act:

"Well, our credit card bill, our credit card competition bill, will lower the price of gas and groceries by 1-2% and then capping interest rates at 10% would save American families another $150 a month. Look, Americans pay seven times more each time you use that credit card than our friends in the European Union. That's because two credit card companies, five or six banks, control about 80% of the market, and because they're basically loan sharks. They're predatory loan practices charging 30% interest, and again, our swipe fee is seven times what they are paying in the European Union."

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