Moscow Mitch: Biden student loan forgiveness a 'wildly unfair redistribution' of wealth [View all]

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Senate Minority Leader Mitch McConnell (R-Ky.) criticized President Biden’s decision to cancel $10,000 of student loan debt for borrowers making less than $125,000 annually, calling it a “wildly unfair redistribution” of wealth in favor of higher-earning Americans.

McConnell said in a statement on Twitter on Wednesday that the move is a “slap in the face” to those in the workforce who made sacrifices to pay off their debt, as well as those who made different career choices to avoid student debt.

Link to tweet

He said the median American with student loans has a much higher income than the median American overall, and experts who have studied loan forgiveness have found that its benefit mostly goes to higher-earning individuals.

“President Biden’s inflation is crushing working families, and his answer is to give away even more government money to elites with higher salaries,” the GOP leader said. “Democrats are literally using working Americans’ money to try to buy themselves some enthusiasm from their political base.”

https://www.yahoo.com/entertainment/mcconnell-biden-student-loan-forgiveness-175023263.html