Sanders calls for wiping out $1.6 trillion in student debt by taxing Wall Street

6/25/19
 
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from FoxNews,
6/24/19:

Sen. Bernie Sanders, I-Vt., proposed a plan Monday to eliminate all $1.6 trillion in student debt held by Americans by levying a tax on Wall Street banks.

“In 2008, the American people bailed out Wall Street,” Sanders said. “Now, it is Wall Street’s turn to help the middle class and working class of this country.”

Sanders’ plan is the latest – and most aggressive – one from a 2020 Democratic presidential hopeful to tackle the mounting student loan debt problem in the country.

Opponents of these proposals, including some Democrats, question why taxpayers should pay subsidies for the education of Americans who, on average, earn more than those with just a high school diploma.

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