U.S. presidential contender Bernie Sanders proposed a plan on Monday to cancel $...
FILE PHOTO: Democratic presidential candidate Bernie Sanders speaks during the SC Democratic Convention in Columbia, South Carolina, U.S., June 22, 2019. REUTERS/Randall Hill/File Photo
Sanders, an independent U.S. senator from Vermont, said his plan would wipe out college debt for 45 million Americans and be funded with a tax on stock, bond and derivatives transactions that would raise about $2.2 trillion over 10 years. “This proposal completely eliminates student debt in this country and ends the absurdity of sentencing an entire generation, the millennial generation, to a lifetime of debt,” Sanders said at the unveiling of his U.S. Senate bill.
Other liberal Democrats, including presidential rivals Elizabeth Warren and Julian Castro, have taken up the call and proposed smaller student-debt cancellation plans.
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