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@ISIDEWITHQuestionseducationStarted 11yrs agoActive 2hrs ago

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

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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22.7k Replies

 @95RNDM6 from Kansas  answered…3yrs3Y

No, increase taxes on obscene wealth and remove the predatory practices on student loans

 @95DV2L6 from Michigan  answered…3yrs3Y

no, its their money, they got it because its theirs

 @8ZM96C4 from North Carolina  answered…3yrs3Y

we should go to a national sales tax, abolish income tax

 @8Z349SJ from Texas  answered…3yrs3Y

What we should be doing is abolishing the income sales and replacing it with a national sales tax where everyone is paying the same percentage and we should abolish the federal guaranteed student loans which are causing tuition rates to go up and what we should do instead is make it easier for private colleges to obtain accreditation so we have more competition in the market place because it all comes down to the supply and the demand.

 @8XRBV7W from California  answered…4yrs4Y

Eliminate tax loopholes used by ultra wealthy to avoid paying their fair share. Tax corporations and individuals the same.

 @8XC5K44 from Virginia  answered…4yrs4Y

We should not student loans in the 1st place because just benefits the top 1 percent

 @8WGLY3Cfrom Guam  answered…4yrs4Y

Equal tax rates must apply for all corporations, businesses and individuals as making money should not be taxed but the same taxes must go into providing free healthcare and education to the citizens of the country. Follow the EU model to ensure sustainability for the citizens of the nation.

 @8TYLJ5CGreen from New York  answered…4yrs4Y

No. The cost of education should come down. It seems crazy to send graduates into the world hundreds of thousands of dollars in debt

 @8R9F3HK from Rhode Island  answered…4yrs4Y

College should be free, but only if you are going to college in the state you live in, college shouldn't be free if you go out of state, but highly affordable.

 @8R9F3HK from Rhode Island  answered…4yrs4Y

College should be free, but only if you are going to college in the state you live in. College shouldn't be free if you go out of state, but highly affordable.

 @99K4ZVW from Iowa  answered…2yrs2Y

Instead tax transactions in the stock market by a fraction of a penny.

 @98YY9ZYfrom Maine  answered…2yrs2Y

Yes and lower the taxes on the poor and middle class

 @98M3NS2Democrat from Michigan  answered…2yrs2Y

yes, but give additional discounts on other things for the rich

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 @ISIDEWITH submitted…8mos8MO

China Targets U.S. Government Phones in Major Cyber Attack

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 @ISIDEWITH submitted…9mos9MO

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▲  4724 replies1 disagree