Biden’s decision to transfer student debt to taxpayers is likely an inflationary, expensive mistake that will leave “American taxpayers footing the bill,” the Washington Post’s Editorial Board wrote.
Biden’s decision to transfer student debt because the greatest beneficiaries will be from high-income families. The paper also said the decision will fuel 40-year-high inflation.
Transferring student loans “is regressive” and “takes money from the broader tax base, mostly made up of workers who did not go to college, to subsidize the education debt of people with valuable degrees,”continued. “Though Mr. Biden’s plan includes an income cap, the threshold does not reflect need or earnings potential, meaning white-collar professionals with high future salaries stand to benefit.
Norge Siste Nytt, Norge Overskrifter
Similar News:Du kan også lese nyheter som ligner på denne som vi har samlet inn fra andre nyhetskilder.
First lady Jill Biden tests positive with apparent 'rebound' COVID-19 case, President Biden tests negativeCOVID-19 ALERT: First lady JillBiden has tested positive for COVID19 again in an apparent “rebound” case, after she initially tested negative for the virus over the weekend.
Les mer »
Biden unveils federal student loan forgiveness plan, extend repayment pause | WATCH LIVEBiden announced that borrowers who earn less than $125,000 a year, or families earning less than $250,000, would be eligible for the $10,000 loan forgiveness.
Les mer »
Biden to announce $10K federal student loan cancellation for many, extend repayment pause: sourcesDetails of the plan have been kept closely guarded, but borrowers who earn less than $125,000 a year would be eligible for the loan forgiveness.
Les mer »
Biden to forgive up to $20,000 in student loan debt and extend payment pause: live updatesThe debt forgiveness will only be available to borrowers with incomes less than $125,000 and households earning $250,000 or less, according to senior administration officials
Les mer »
Biden announces $10K federal student loan cancellation for many, extend repayment pauseBiden announced that borrowers who earn less than $125,000 a year, or families earning less than $250,000, would be eligible for the $10,000 loan forgiveness.
Les mer »
Biden student loan forgiveness plan is not enough, some borrowers sayStudents with debt that totals $50,000 or $100,000 say President Biden's loan forgiveness plan isn't enough.
Les mer »