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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@ISIDEWITH3 days3D
President Biden’s announcement last week that his administration would seek to forgive billions of dollars’ worth of federal student loans was cheered by progressives, the latest in a string of actions he has taken to shore up support from the left—annoying the center in the process. That has some Democrats worrying he is making a big mistake. Despite much recent hand-wringing about the unpopular president’s need to shore up his base with liberal appeals, polls show Biden’s principal weakness isn’t with the left but with the middle of the electorate. The president, some centrists argue, isn’t doing enough to appeal to the moderate and independent voters who tend to decide elections.“The voters that elected Biden in the first place are the center-left voters that liked his centrist policies, not the Bernie Sanders-Elizabeth Warren slice of the electorate,” said Lauren Harper Pope, who co-founded a group called WelcomePAC that urges Democrats to make pragmatic, big-tent appeals. “Yet the administration seems to have a fear of talking about things people actually care about if it might offend a small group of ideological activists.”In a recent Wall Street Journal poll that found Biden narrowly trailing former President Donald Trump in the top battleground states, the two candidates drew roughly equal shares of their respective parties when polled head-to-head: Biden won 88% of Democrats, while Trump won 90% of Republicans. With independent voters, Trump led by six points, 36% to 30%. Similarly, a new New York Times/Siena national poll shows a tight race overall—Trump 46%, Biden 45%—with Trump leading among independent voters by 5 points.he Democratic strategy group Blueprint found in a recent national poll that 52% of voters are concerned that Biden is too liberal, including 61% of independents. Blueprint also analyzed a spate of recent polling to determine which 2020 Biden voters have switched to say they will vote for Trump this year. Among that group, 53% call themselves moderates and 33% identify as conservative; just 14% consider themselves liberals.It is a misconception, Pope says, that left-wing appeals are the key to mobilizing the young and minority voters that have cooled on Biden. In fact, Black, Hispanic and Asian-American voters tend to be more moderate than other Democrats. The Blueprint analysis found that 38% of voters who have switched to Trump since 2020 are age 18-34, while just 13% are 65 or older.Many center-left operatives point out that the number of voters casting protest votes against Biden has been significantly smaller than the number coming out to make a statement against Trump, including tens of thousands who have voted for Haley in primaries even after she dropped out of the race. It is those voters that Biden most needs to reach to turn around his electoral prospects—pragmatic suburban moderates skeptical of far-left policies. “The swing voters I represent are resilient people, but they want to see that the government is going to make their hard times less hard,” said Rep. Susie Lee, a Democrat who represents a swing district in Nevada and a leader of the bipartisan Problem Solvers Caucus. “Biden has demonstrated better than any president in my lifetime that he can work with both sides and actually get tough things done. The challenge is to make people understand that.”
@ISIDEWITH1wk1W
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.
@NurturingActivi5t1wk1W
Kamala Harris: "Your loans will be completely forgiven regardless of income, and even if you didn't graduate."
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