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We hear about how lowering taxes (for rich/for poor ?) and lowering the rate the federal reserve charges banks for loans helps stimulate the economy.

Would some implementation at the federal level of lowering credit card interest rates be a more direct way to stimulate the economy?

For example, if I used a cash advance to
1. buy stocks,
2. invest in bonds/fixed income assets
3. “refi” my personal mortgage
4. buy investment property

or any other situations where credit card interest is tax deductible?
Thanks for all you responses. Just to clarify -

Say I borrow $100 from my credit card at 10%.
I owe $110 at the end of the year.

I put this same $100 into a stock (or some other investment). It goes to $120 and I sell, gaining $20.

1. Do I have to pay taxes on $20, or $10 ($20 gain minus $10 interest)?

2. If I didn’t sell, can I deduct the $10 interest against my other income?

When I was deployed to Iraq my interest rate was 4%. Now that I am home my credit card interest rate got high. Now the soldiers and sailors act is only for debts acquired before the military. I got my credit card after I joined. Any suggestions on how to get it lowered.

I have heard that there are ways to get your interest rate lowered. What are they. I just got off the phone with my credit card company and asked if I could get my interest rate lowered and they said no. They said I have the lowest interest rate they offer at 11.5%. Is it a myth that it’s possible to get your rate lowered?

I heard it used to be, but someone changed the tax laws.

If credit card and line of credit interest was tax deductable like mortgage interest was, how much would that help out the middle class who is living day to day with a deficit?
If they take away the mortgage tax deduction I and 100 million other people are screwed. With housing prices in the toilet, its the one redeeming point of owning a house right now. Otherwise why invest money in something that will decrease over time?