Elizabeth Warren unveils plan to erase $50,000 of student debt for most Americans
Added 04-22-19 10:22:02am EST - “Presidential candidate Sen. Elizabeth Warren on Monday debuted her plan to cancel up to $50,000 in student debt for most Americans and provide a tuition-free college education.” - Washingtontimes.com
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Senator calls her free college, student-debt forgiveness plan 'enormous middle-class stimulus'
Presidential candidate Sen. Elizabeth Warren on Monday debuted her plan to cancel up to $50,000 in student debt for most Americans and provide a tuition-free college education.
She countered criticism of the plan’s price tag — $1.25 trillion over 10 years — with her proposed “Ultra-Millionaire Tax” that would a slap a 2% annual tax on the 75,000 families with $50 million or more in wealth.
“Some people will say we can’t afford this plan. That’s nonsense,” said Ms. Warren, Massachusetts Democrat. “The entire cost of my broad debt cancellation plan and universal free college is more than covered by my Ultra-Millionaire Tax.”
Her plan is one of the most aggressive on canceling student debt, which is estimated to total $1.5 trillion owed by 44 million borrowers in the U.S.
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COMMENTS VIA TWITTER
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RT @Ilhan: College degree $20,000 in debt Two jobs Debt collectors blasting your phone These are the realities Americans face every day.…
@realDonaldTrump 25,000 Americans is nothing compared to the vast number who are struggling with student loan debt… https://t.co/jd2NOhYY8e
RT @ewarren: I’m proposing a two-cent wealth tax on the 75,000 wealthiest families—those worth over $50 million. We’d use that to pay for b…
August 21, PRESIDENT TRUMP SIGNS ‘ELIMINATE DIABLED VETERAN “STUDENT LOAN DEBT!” There Are (44,000,000-44 Million… https://t.co/NQ2EySzuqM