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Do you support increasing taxes for the rich in order to reduce interest rates for student loans?

Results from Democrats

Last answered 17 seconds ago

Student Loans Poll Results for Democrats

Yes

5,230,919 votes

83%

No

1,100,891 votes

17%

Distribution of answers submitted by Democrats.

2 Yes answers
2 No answers
0 overlapping answers

Data includes total votes submitted by visitors since Nov 14, 2014. For users that answer more than once (yes we know), only their most recent answer is counted in the total results. Total percentages may not add up to exactly 100% as we allow users to submit "grey area" stances that may not be categorized into yes/no stances.

Yes No Importance

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Data based on unique submissions (duplicates or multiple submissions are eliminated) per user using a 30-day moving average to reduce daily variance from traffic sources. Totals may not add up to exactly 100% as we allow users to submit "grey area" stances that may not be categorized into yes/no stances.

Learn more about Student Loans

Last Spring the U.S. Senate defeated The Bank on Students Emergency Loan Refinancing Act by a vote of 58-38. The act, proposed by Senator Elizabeth Warren (D-MA) would lower the interest rate on existing student loans from 7% to 3.86%. The act would be financed by levying a mandatory income tax of 30% on everyone who earns between $1 Million and $2 Million dollars per year. Proponents argue that current student loan interest rates are nearly double normal interest rates and should be lowered to provide relief for millions of low-income borrowers. Opponents argue that the borrowers agreed to pay the interest rates when they took out the loans and taxing the rich would hurt the economy.  See recent student loans news

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