'How dare we try to make life better for the next generation. The horror.'
Julia ConleyFive years after U.S. Senate Minority Leader Mitch McConnell aggressively pushed a $1.9 trillion tax cut package that disproportionately benefited corporations and the wealthiest Americans, progressives on Wednesday were uninterested in his complaints about President Joe Biden's cancellation of some student debt for working Americans.
"You should sit this one out," government watchdog Public Citizen suggested after McConnell lamented theas a"slap in the face" to borrowers who have paid their debt or didn't go to college. McConnell warned that by canceling $10,000 in student debt for borrowers who earn $125,000 or less per year, and an additional $10,000 for people who received Pell Grants, the White House is"taking money and purchasing power away from working families and redistributing it to their favored friends."
Political observers noted on Wednesday that Biden's plan is likely to greatly increase purchasing power for families who have been making monthly student loan payments. In addition to wiping out monthly payments for millions of people who carry loan balances of $10,000 or less, the plan includes for income-based repayment plans, ensuring borrowers pay no more than 5% of their discretionary income rather than 10%.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
Dr. Oz Condemned for 'Disgusting' Comments on Fetterman Stroke\u0022I know politics can be nasty, but even then,\u0022 said Democratic candidate John Fetterman, \u0022I could never imagine ridiculing someone for their health challenges.\u0022
Consulte Mais informação »
'This Is Huge': California to Ban New Gasoline-Fueled Car Sales by 2035'California is the fifth-largest economy in the world and this will help turbocharge the transition to EV's everywhere.'—jamieclimate
Consulte Mais informação »
Inescapable 'Abortion Deserts' Coming as Idaho, Tennessee, and Texas Trigger Bans Set to Take Effect'Vast swaths of the nation, especially in the South and Midwest, will become abortion deserts that, for many, will be impossible to escape,' warns the head of ReproRights.
Consulte Mais informação »
'Disaster Capitalism at Its Worst': Profits of Grain Giants Spark Global Criticism'Disaster capitalism at its worst. As 345 million people suffer from acute food insecurity, the four corporations that control virtually all grain trade, stuff their pockets with cash, pop the champagne corks, and laugh all the way to the bank.'
Consulte Mais informação »
Wyden Launches Probe Into Deceptive Marketing by Medicare Advantage Plans\u0022Unfortunately, false or misleading advertisements and fraudulent sales practices are not new issues for Medicare beneficiaries,\u0022 said the chair of the Senate Finance Committee.
Consulte Mais informação »
Saskatoon's zoo to celebrate 50 years with low-cost admission, special treats for the crittersStaff at the Saskatoon Forestry Farm Park and Zoo are preparing \u0022enrichment\u0022 activities for the animals on Sept. 1.
Consulte Mais informação »