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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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Posted By TheNewsCommenter: From Washingtontimes.com: “Elizabeth Warren unveils plan to erase $50,000 of student debt for most Americans”. Below is an excerpt from the article.

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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