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.
53% Yes |
47% No |
49% Yes |
42% No |
4% Yes, and increase government funding so every student receives a free college education |
3% No, and transition all current government student loans into privately managed accounts |
2% No, but we should still reduce interest rates for student loans |
See how support for each position on “Student Loans” has changed over time for 24.6m America voters.
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See how importance of “Student Loans” has changed over time for 24.6m America voters.
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Unique answers from America users whose views extended beyond the provided choices.
@8Z6PT3P2yrs2Y
No, and we should reduce taxes for everyone regardless of how rich or wealthy they are in order to reduce interest rates for student loans too.
@93YZMSK2yrs2Y
No, but we should abolish interest rates for student loans.
@5BCWQY63yrs3Y
No punishing sucess reduces motivation to strive for sucess.
@959K74L2yrs2Y
No, but abolish interest rates for student loans.
@5B4HCFB3yrs3Y
Only for certain majors.
@5KQLXJS3yrs3Y
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@ISIDEWITH5 days5D
On Thursday the White House released a graphic on social media listing Republican Congressman who oppose student loan relief and how much they received in Paycheck Protection Plan Loans.Georgia District 9 Representative Andrew Clyde, (R) tweeted his disapproval of the Biden-Harris Administration’s student debt relief, SDR, and SAVE plan.Following President Biden’s announcement of his administration’s plan to cancel millions of dollars in student debt, Rep. Clyde tweeted:“Joe Biden once again announces that he will transfer millions more in student debt onto the backs of hardworking taxpayers. This scam is nothing more than a desperate attempt to buy votes with Americans’ hard-earned money.”Three hours following that tweet, The White House swiftly responded claiming:“Congressman Clyde had $156,697 of debt forgiven from a PPP loan.”A PPP loan or a Paycheck Protection Program is a loan forgiveness program usually for small businesses to help them pay for rent, mortgage interest and utilities during the COVID-19 pandemic.Financial and business experts dub PPP loans as one of the largest U.S. government business bailouts ever, noting their impact on local and national elections through funds to businesses and banks in certain locations.As the feud continues, Rep. Clyde Responded:“Old Joe has confused non-taxable income with one of his “loans.” But I certainly hope the IRS received its “fair share” of 10% for the Big Guy!”Amid the heated exchange, the debate over student debt relief and government assistance programs underscores the broader challenges and divisions facing American politics today.
@NurturingActivi5t7 days7D
Kamala Harris: "Your loans will be completely forgiven regardless of income, and even if you didn't graduate."
@ISIDEWITH1wk1W
President Biden on Monday announced a large-scale effort to help pay off federal student loans for tens of millions of American borrowers, seeking an election-year boost by returning to a 2020 campaign promise that was blocked by the Supreme Court last year.Mr. Biden’s new plan would reduce the amount that 25 million borrowers still owe on their undergraduate and graduate loans. It would wipe away the entire amount for more than four million Americans. Altogether, White House officials said, 10 million borrowers would see debt relief of $5,000 or more.“While a college degree still is a ticket to the middle class, that ticket is becoming much too expensive,” Mr. Biden said during a speech to a small but enthusiastic audience filled with supporters. “Today, too many Americans, especially young people, are saddled with too much debt.”Mr. Biden announced the plan in Madison, Wis., the capital of a critical swing state and a college town that symbolizes the president’s promise to make higher-education affordability a cornerstone of his economic agenda.But it is a promise he has so far failed to achieve, largely because of legal challenges from Republicans and other critics. They accuse Mr. Biden of unlawfully using his executive authority to enact a costly transfer of wealth from taxpayers who have not taken out federal student loans to those who have.Officials did not say how much the new plan would cost over the coming years, but critics have said it could increase inflation and add to the federal debt by billions of dollars.Since the Supreme Court blocked Mr. Biden’s first effort, the White House has used existing regulations and executive orders to waive $146 billion in student loan debts for about four million borrowers. But those efforts fell far short of his original plan to wipe out $400 billion in student debt for about 43 million borrowers.Mr. Biden said Monday that his new effort would help the economy by removing the drag of enormous debt from people who would otherwise not be able to buy a home or pursue a more economically sound future.“We’re giving people a chance to make it,” Mr. Biden said. “Not a guarantee. Just a chance to make it.”Neal McCluskey, the director of the Center for Educational Freedom at the Cato Institute, called the new plan “dangerous policy” that is unfair to taxpayers and would cause colleges and universities to raise their prices.“The Constitution gives Congress, not the president, the authority to enact law, and the Supreme Court has already struck down a unilateral, mass student debt cancellation scheme by the Biden administration,” he said. “It would stick taxpayers with bills for debts other people chose for their own financial advancement.”Maya MacGuineas, the president of the Committee for a Responsible Federal Budget, said “we most certainly shouldn’t be paying off student debt by adding to public debt, which gets us stuck in a dangerous debt loop.”Administration officials said the new plan is more targeted than the original, across-the-board debt relief effort and is based on a different law, making it more likely to survive the expected challenges. They said lawyers for the White House and the Education Department have studied the Supreme Court ruling and have designed the new program to make sure it does not violate the principles laid out by the justices.Officials said that 23 million people would most likely have all of their interest-related balances waived from that provision.
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@ISIDEWITH3wks3W
In a series of developments that have stirred the political landscape, former President Donald Trump has publicly endorsed the presidential bid of independent candidate Robert F. Kennedy Jr., describing it as 'great for MAGA.' Trump's remarks came after Kennedy announced his vice-presidential pick, further intensifying the political discourse. Trump, in his characteristic style, took to social media to express his views, labeling Kennedy as the 'most radical left' candidate in the race and highlighting the liberal credentials of Kennedy's running mate, Nicole Shanahan. Despite his criticism of their political stance, Trump views Kennedy's candidacy as beneficial for his MAGA movement, suggesting it could potentially divide the Democratic vote.Kennedy, a figure who has long been associated with controversial views, particularly on the rule of law and established science, has drawn criticism and concern from various quarters. His decision to run for president and the subsequent endorsement by Trump has sparked a flurry of reactions, with some seeing it as a strategic move that could impact the Democratic Party's chances in the upcoming elections. Allies of President Joe Biden have expressed alarm over Kennedy's bid, fearing it could siphon off crucial votes from the left, thereby posing a significant threat to Biden's reelection efforts.The political dynamics surrounding Kennedy's candidacy and Trump's endorsement underscore the complex and often unpredictable nature of American politics. As the race for the presidency heats up, the strategies employed by candidates and their supporters are coming under increased scrutiny. The potential impact of Kennedy's run on the Democratic vote is a topic of much speculation, with analysts and political observers closely monitoring the situation.Trump's support for Kennedy, despite their ideological differences, highlights the former president's tactical approach to politics. By endorsing a candidate who could potentially weaken his opponents, Trump is playing a strategic game, aiming to maximize his own chances of success. This move has not only added a new dimension to the political landscape but has also raised questions about the future direction of both the Republican and Democratic parties.As the United States gears up for another presidential election, the emergence of candidates like Robert F. Kennedy Jr. and the reactions they provoke from figures like Donald Trump are indicative of the shifting sands of American politics. With the electorate increasingly polarized, the outcome of the election remains uncertain, and the strategies adopted by candidates will be crucial in determining the path forward.
@ISIDEWITH1yr1Y
Active 2 days agoDiversity training is any program designed to facilitate positive intergroup interaction, reduce prejudice and discrimination, and generally teach individuals who are different from others how to work together effectively. On April 22, 2022, Florida Governor DeSantis signed into law the “Individual…
