His campaign donor list includes well-known names from the financial services industry. It's no surprise, then, that he avoids discussion of how interchange fees, exorbitant bank and credit card fees, or the carried interest loophole might affect the economy.

Notice that it's outright rejection and misdirection, not a discussion. If he were to concede any ground, he might raise awareness of interchange fee caps and exorbitant credit card and payment fees.

Another problem is that he ignores anything that would disprove his claim that everything is fine and well materially.

Certainly, this couldn't be related to his campaign donors having included quite a few people from the payment services industry and financial services.

Also it looks like another donor (maybe family member?) got their startup acquired by an analytics company (Thoughtspot) with major clients in the banking sector.

More reason to not bring up interchange fees being a regressive tax.

He has several PE execs and attorneys in the financial services industry that were donors to his campaign.

He does not want to opine on 1) ending the carried interest loophole, 2) interchange fees being a regressive tax that raise the cost of living directly, or 3) capping fees/interest.

The fees act as a regressive tax and drive cost up.

Notable:
- Former Piper Jaffray CEO, SIFMA board member
- Former Piper Jaffray board member
- Slalom Inc. corporate counsel (financial services area)
- Partners at law firms representing financial services

cfb.mn.gov/reports-and-...