In March 2019 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.
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@9TZZVPWJustice party member8mos8MO
Kind of, it would be nice that if you have some money then share but it shouldn’t be forced because most worked for what they have.
No, keep student loans the same in order to learn to use money and budget, however proportionally increasing the taxes of the rich will fund the government to do other things
NOOO! to much no no no!!!
i think no matter how much money you have you should pay a percent of your money
To tax them in way were it effects them like a regular person would
No, Just because you know somebody has a lot of money doesn't mean you need to take unnecessary amounts
government should pay for school
Increase taxes but not for the sole purpose of reducing interest on student loans
yes, but students should have lower interest rates
Instead of increasing taxes for the rich make sure everybody has the same percentage of their check gone into taxes no matter your income. Interest should be removed from student loans.
Yes, but only to a reasonable price.
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