Liz Warren is Making Moves: "Elizabeth Warren Proposes Wiping Out Almost Everyone's Student Debt"

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42. I have never been a single issue voter but this issue sure could make me one.

Elizabeth Warren releases sweeping student debt cancellation and free college plan

https://www.cnn.com/2019/04/22/politics/elizabeth-warren-student-debt-college-tuition-plan/index.html?utm_medium=social&utm_content=2019-04-22T19%3A29%3A32&utm_source=twCNNp&utm_term=image


Updated 12:28 PM ET, Mon April 22, 2019


(CNN)Sen. Elizabeth Warren on Monday proposed eliminating the student loan debts of tens of millions of Americans and making all public colleges tuition-free, staking out an ambitious stance on one of the central policy debates of the 2020 Democratic primary.


Student debt and college affordability have become a key dividing line in the Democratic race, between more progressive candidates who favor sweeping new tuition and student-loan benefits and others who support more incremental adjustments to the way Americans pay for education.

Warren's new plan would forgive $50,000 in student loans for Americans in households earning less than $100,000 a year. According to analysis provided by her campaign, that would provide immediate relief to more than 95% of the 45 million Americans with student debt. The Massachusetts Democrat and 2020 contender is also calling for a drastic increase in federal spending on higher education that would make tuition and fees free for all students at two- and four-year public colleges and expand grants for lower-income and minority students to cover costs like housing, food, books and child care.

The campaign estimates that the plan would cost $1.25 trillion over 10 years.

The revenue from Warren's wealth tax proposal -- a 2% tax on wealth above $50 million and a 3% tax on wealth above $1 billion -- would pay for her newest proposal, her campaign said. According to details shared by her campaign, the massive debt cancellation and free college plan additionally asks states to chip in to cover the cost of tuition and fees. Warren has also said her universal child care proposal would be paid for by her wealth tax.

Asked about connecting the viability of her new proposal to another, Warren insisted that there is broad support for the idea of taxing the ultra-rich. ......................................

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