4 ways Trump wants to make America more affordable. Will they work?
CNN • • business
Key Points:
- President Donald Trump unveiled a series of proposals targeting affordability in 2026, focusing on housing and credit card debt, along with vague plans to reduce health care premiums and utility costs.
- Key proposals include capping credit card interest rates at 10%, banning large institutional investors from buying single-family homes, and having the government buy $200 billion in mortgage bonds to lower mortgage rates.
- Experts question the feasibility and impact of these proposals, noting Trump likely needs Congressional approval and that some ideas contradict traditional Republican policies.
- The credit card interest rate cap faces criticism for potentially reducing credit availability, while banning institutional investors from single-family homes may have limited effect since these investors hold a small market share.
- Trump also floated issuing $2
