GOP Rails Against Biden’s Half a Trillion Dollar Loan Forgiveness Plan

GOP Rails Against Biden’s Half a Trillion Dollar Loan Forgiveness Plan

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According to an analysis from the Committee for a Responsible Federal Budget, President Biden’s debt cancellation plan will costbetween “$440 billion and $600 billion over the next ten years,” and Republicans are continuing to warn that the move is not fiscally responsible or fair.
President Biden on Wednesday announced his plan to forgive a portion of student loan debt for those earning less than $125,000 per year.  According to a graphic shared by Biden, under the plan, those making less than $125,000 will see $20,000 forgiveness if they went to college on a Pell Grant, and $10,000 for those who...
Source: https://www.newswars.com/gop-rails-against-bidens-half-a-trillion-dollar-loan-forgiveness-plan/