Last Spring the U.S. Senate defeated The Bank on Students Emergency Loan Refinancing Act by a vote of 58-38. The act, proposed by Senator Elizabeth Warren (D-MA) would lower the interest rate on existing student loans from 7% to 3.86%. The act would be financed by levying a mandatory income tax of 30% on everyone who earns between $1 Million and $2 Million dollars per year. Proponents argue that current student loan interest rates are nearly double normal interest rates and should be lowered to provide relief for millions of low-income borrowers. Opponents argue that the borrowers agreed to pay the interest rates when they took out the loans and taxing the rich would hurt the economy.
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@93VVP973yrs3Y
No, but eliminate interest rates on student loans
@8TVYZQL4yrs4Y
No, but fines for committing a crime should be increased for those who are rich.
@7FM9Q6N4yrs4Y
I support "free" college education, but not by exclusively taxing the rich. Instead, either redirect funds from other public spending sectors or alter tax rates in other ways.
@8HT6RL44yrs4Y
No, but we should reduce interest rates for student loans and loopholes that prevent the rich from paying their fair share should be closed.
@8JBN6KV4yrs4Y
No! Never an increase in taxes. We cannot hate on the rich because they have more money. I want to destroy "Class Envy". Everyone should pay an equal and reduced amount of taxes. We need to significantly reduce, if not eliminate business/corporate/commercial taxes. Also, going to school should not be a "debt sentence". Schools should be easier to access and much more affordable.
@8MFLBST4yrs4Y
I believe that the wealthy shouldn't have more taxes just because they have more money but I do believe that college tuition and other stuff dealing with it should be reduced because how are we supposed to pay that much when we are just trying to learn and honestly I've heard that they just give a lecture and to me that's not even really teaching because I couldn't learn that way and we don't have to pay that much for regular school where the teachers actually teach.
@8RMPMDK4yrs4Y
As nice and helpful this would be those people earned that money from working at their job so no they should not take away their money more than they already do
@8VC7WDN4yrs4Y
We can lower interest rates for student loans but also encourage the use of scholarships to disincentivise loans as much as possible.
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