Sanders to propose canceling $1.6 trillion in US student debt

Source: The Hill | June 23, 2019 | Owen Daugherty

Sen. Bernie Sanders (I-Vt.) will reportedly unveil a bill Monday calling on all $1.6 trillion worth of U.S. student debt to be eliminated.

The Washington Post reports Sanders will propose the legislation Monday along with progressive Reps. Ilhan Omar (D-Minn.) and Pramila Jayapal (D-Wash.), who is co-chair of the Congressional Progressive Caucus.

The proposal from Sanders adds to the debate over how to address the country’s mounting student debt crisis, as other 2020 Democratic presidential candidates have proposed their own plans.

Sanders’s plan calls on the federal government to completely clear the student debt of 45 million Americans while also calling for public universities, community colleges and trade schools to be tuition-free.

The proposal calls for the absolving of student debt for undergrad and graduate students.

A Wall Street tax that would reportedly raise more than $2 trillion over the course ofΒ 10 years would pay for the bill.

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     EVERYDAY #30237

    This Wall Street tax. You all know if this passes, it will be passed on to those of us whose retirement nest eggs are comprised of stocks, bonds and other securities , right?

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