Is Bernie Sanders' plan to erase student debt a realistic way to retool an 'irreparably broken' system, or is it more like the overambitious promise of a 5th grade class president?
Sanders is introducing the legislation with Rep. Ilhan Omar, D-Minn., and Rep. Pramila Jayapal, D-Wash., the co-chairwomen of the Congressional Progressive Caucus.
The $2.2 trillion plan would be paid for by a new tax on financial transactions, including a 0.5 percent tax on stock transactions and a 0.1 percent tax on bonds. That levy would raise up to $2.4 trillion over the next decade, according to the senator's office. U.S. Senator Bernie Sanders seen during the Capitol "Swamp" to unveil college affordability bills, in Washington, DC.Critics say Sanders and Warren's plan is too expensive and fails to target borrowers who most need relief. The top quarter of American earners hold about a third of the outstanding student debt. "Most borrowers are capable of repaying their student loans," said Mark Kantrowitz, the publisher of SavingForCollege.com.
Proponents say the proposal addresses a debt burden that has ballooned over the last decade and has stunted the financial lives of a generation of Americans.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
Bernie Sanders will propose forgiving the student debt of 45 million AmericansSen. Bernie Sanders will announce a plan Monday to forgive the country's $1.6 trillion outstanding student loan tab, intensifying the higher education policy debate in the 2020 Democratic presidential primary.
Consulte Mais informação »
Sanders wants to cancel all student loan debt, even for the wealthySanders would pay for his higher education plan by imposing a new tax on Wall Street transactions.
Consulte Mais informação »
Bernie Sanders: I Will Cancel All $1.6 Trillion Of Your Student Loan DebtBernie Sanders will announce a plan today to cancel all $1.6 trillion of U.S. student loan debt. Here's what you need to know:
Consulte Mais informação »
Bernie Sanders Proposes Cancelling Student Loan DebtBernie Sanders says that student loan borrowers deserve a bail-out.
Consulte Mais informação »
Bernie Sanders calls for canceling $1.6 trillion in student loan debtU.S. presidential contender Bernie Sanders proposed a plan on Monday to cancel $...
Consulte Mais informação »