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Bernie Sanders, the 2020 hopeful, is set to announce on Monday a policy proposal that would eliminate all $1.6 trillion of American student debt, according to a report.
The Democratic presidential candidate’s new proposal calls for the federal government to wipe clean the student debt held by 45 million Americans, including all private and graduate school debt, The Washington Post reported. The proposal package also includes making public universities, community colleges and trade schools tuition-free.
The article goes on to state the following:
Sanders reportedly plans to pay for the lofty proposal with a tax on Wall Street, which his campaign says will generate more than $2 trillion over 10 years. The tax would focus on financial transactions, the report said, such as a 0.5 percent tax on stock transactions and a 0.1 percent tax on bonds.
Sanders on Monday will join Rep. Ilhan Omar, who will introduce legislation in the House to eliminate all student debt in the United States. They will be joined by Rep. Pramila Jayapal, co-chair of the Congressional Progressive Caucus.
I am one of the 45 million people with student debt—45 million people who are held back from pursuing their dreams because of the student debt crisis.
— Rep. Ilhan Omar (@Ilhan) June 23, 2019
Education is a right, not a privilege. Share your personal story in a video or tweet with the hashtag #CollegeforAll and let us know how we can fix the college affordability crisis. ⬇️⬇️⬇️ https://t.co/YYbWVeGLSf
— Rep. Pramila Jayapal (@RepJayapal) June 23, 2019
Twitter users are mocking the plan, with many demanding that since they have already worked hard to pay off their college loans, they want a refund!
What about the people who have paid for their tuition already, he has to pay them back to, also he has to make professors work for free. Sanders to propose eliminating all $1.6T of student debt in US: report https://t.co/a565bQps19 #FoxNews
— Robert l rueden (@Bubbalambdin) June 24, 2019
How can anyone with an iq at least three points higher than plant life buy into any of this??? If that’s you; don’t yell at me, try to explain to me how you think something like this can work… https://t.co/2wCnZK7qJA
— Jack Hager (@midlandjack) June 24, 2019
So for kids in private universities with annual tuition approaching $45K + and much larger student loans any real relief? Any refunds for parents who sacrificed to pay so kids could stay out of student loan debt or will punish parents that paid vs loan?https://t.co/OVfBvTZCzG
— Jeffrey Jay Blatt (@TechLawExpert) June 24, 2019
— Jeff Schreve (@jeffschreve) June 24, 2019
The race to the fringe – reparations, student debt elimination, free healthcare and college. What’s next? Free houses and cars? Insanity …https://t.co/aIUjEtZ8kr
— Chris Cappannelli, Ed.D. (@DoctorCappy) June 24, 2019
Sanders to propose eliminating all $1.6T of student debt in US: report https://t.co/V5Sl89gQl4 #FoxNews When the wealthy have no money, which they use to create jobs, there will be no jobs and no private income. Who will pay taxes then?
— Joseph Herbert (@Sfdi1947) June 24, 2019
Is that fair to all of u that scrimped in order to pay off your student loans? U did without things u wanted to buy in order to honor your commitment but now several democrats r promising to wipe out student debt in exchange for votes. https://t.co/DeIwnJJrVx
— Ralph Newsom (@newsom_ralph) June 24, 2019
Looks like we’re going to see what the magic number $$ is going to be if you want to use the government to steal monies from one group to buy the votes of another
Sanders to propose eliminating all $1.6T of student debt in US: report | Fox News https://t.co/JwCFlVM9o8
— Jerod McDaniel (@jerodmcdaniel) June 24, 2019
Start by giving away your millions Bernie, that’s a good start
Sanders to propose eliminating all $1.6T of student debt in US: reporthttps://t.co/VnEbGc5uzb
— todd werner (@toddwerner8) June 24, 2019
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