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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@B2S5B9P4mos4MO
I believe we should be increasing taxes for big business and get rid of tax exemptions to reduce interest rates for student loans
@9ZXSVD46mos6MO
Even those that are rich deserve to pay equal taxes. all men are created equal not by their financial situation but by their rights as a United States citizen.
@9VQNQZ68mos8MO
Personally, no, robin hooding this would likely be unfair, when is the limit of when someone becomes 'rich,'
@9QZ736710mos10MO
Student loans should be forgiven but no loans should be available for college backed by the government afterwards
@9NKVD9J12mos12MO
No, I think student loans should be nonexistent, and all higher education should be government funded with already existing tax dollars even if that means raising taxes slightly for all citizens.
@9L4XZ7Y1yr1Y
Yes in a way because, that would give the students who struggle to pay money for them to succeed in their studies and then, themselves become rich to help others but education is very important.
@957SX583yrs3Y
Yes, primarily for the multi-billionaires
@957B5363yrs3Y
No, but enforce corporations and the rich to actually pay their fair share
@94Q5BY23yrs3Y
I would say no because if you affect the rich you affect the poor. If you raise the taxes on the rich then you will also raise them on the poor.
@94Q3B7B3yrs3Y
Taxes should be based on a percentage of each individuals income.
@942KK2XWomen’s Equality3yrs3Y
Everyone should be taxed according to a scheduled or certain percentage based on their income.
@93X958J3yrs3Y
Yes but not for reducing interest rates for student loans
@93KD2J83yrs3Y
Why are we focusing on the rich and taking peoples money and giving it away. I believe we should lower taxes
@924W8F93yrs3Y
if you can find a way to tax the rich then so be it, but as stated before the rich understand the system.
@8ZDHY2RIndependent3yrs3Y
Student loans interest rates should have a set maximum of 1% or less and should focus on helping those who want to focus on their education help get one. Otherwise people should be able to get on forgiveness plans after 10 years to help reduce the amount of financial burden the government loans have placed on them.
@8XPYVRS3yrs3Y
I gotta think more on it
@8XP8JKB3yrs3Y
tax people with more income but not only for student loans
@8WWB6GJ4yrs4Y
Yes, but only to reduce intuition by 15 to 20%
@8SXGKN24yrs4Y
No.The government should have a set student loan that is easily payable for stundents.
Yes a 1% transaction tax on all Wall street sales and levy an asset tax on the super wealthy ($50 million and above)
@8SH2QBR4yrs4Y
Yes, but not very much. We don't want to change too much too fast. Start small and see if it helps or huts.
@8RPS2WP4yrs4Y
student loans shouldn't be a thing at all
I dont understand any of the questions
I don't support increasing taxing the rich no matter how many times they say that , they will only tax the rich, that is the biggest lie I have ever heard in my life. That tax the poor and middle class and all the democrats want is nothing but money , they keep getting more and more and more money off of good people who don't need to be taxed until they die.
@8MRGKFY5yrs5Y
Its your money, you earned it so no they shouldn't take their money that they earned. But I think that they should lower the student loans, it shouldn't cost that much money to get an education.
@8M9LR4K5yrs5Y
I believe they should not have as many tax breaks to a valid having to pay taxes
@8M3K3ZY5yrs5Y
I actually believe taxes should be lowered
@8L6W43L5yrs5Y
Help lower class citizens and provide health care
@8HVLHY45yrs5Y
I agree, but how could you prevent it from falling on the middle class?
@8HRPZW75yrs5Y
Yes, only if they make over 500,000 a year... and no loopholes for them.
@8HN5HJV5yrs5Y
Raise taxes and lower interest rates but keep the issues seperate
@8GFVN5D5yrs5Y
Yes, America should tax the rich as much as they tax the middle class
Yes we should raise taxes on the rich, but this money is better spent elsewhere. These rates should still be cut.
@8FQ2ZSX5yrs5Y
Yes, increase so it’s a proportional amount for income, and reduce interest rate for student loans.
@9B3GM6T2yrs2Y
Yes, we should tax the rich more but not for student loans
@9B2536L2yrs2Y
Not to reduce student loan interest rates, but to help out the American citizens in general! Whether if its school, the youth, or the less fortunate.
@99JCMVP2yrs2Y
Depends on what is meant by "the rich"
@99GV9MV2yrs2Y
I actually think the student loans should be half priced to afford
@98MWYVF2yrs2Y
Tax loop holes and money funneling should be closed first.
@97XLDLPIndependent3yrs3Y
Tax cooperations higher, no more tax breaks
@97C98LF3yrs3Y
Make colleges charge less
@8MMVKJWRepublican5yrs5Y
yes but only when it is needed
@8LXZYJLRepublican5yrs5Y
It does not matter to me
@8FZKBX75yrs5Y
Education needs reform before this can be discussed
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