> It reduces access to, and increases the cost of, working capital for businesses. This reduces growth and cuts into how much they can spend on employees and will reduce salaries.

If that were true there never would have been growth when rates were over 5%. This is all about the wealthy rigging the system to maximize their returns. They're running out of financial instruments to game after decades of lopsided policy designed to shift money into their sphere of control so now they're squirming.