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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@8ZL6BBD3yrs3Y
Yes, but only enough to decrease the amount, if not completely relieve students of, student debt.
@Thomasjj683yrs3Y
College should be free to attend
Deleted3yrs3Y
No, everyone should be taxed the same and pay their own debts, but still reduce interest rates for student loans and eliminate all loopholes.
@ThomasJ4763yrs3Y
Free college education for all citizens
Deleted4yrs4Y
No, decrease the military budget and that will free up extra money which can be used for free education for all citizens.
@6HDD83R4yrs4Y
50% flat or proportional tax rate regardless of the income of the individual or entity (e.g. corporation, company, business, franchise, etc)
Deleted4yrs4Y
Eliminate interest rates on student loans. Make education cheaper.
@gabehwkns4yrs4Y
Yes, and simplify the tax code such that the rich cannot avoid paying taxes easily
@922ZQ2R3yrs3Y
No, but we should not have interest rates on Student Loans.
Deleted4yrs4Y
No, and privatize all levels of education, especially college
Deleted4yrs4Y
No, don't tax people a higher percentage of their income just because they earn more. Make public universities free by decreasing the military budget or another place where excess funding isn't necessary.
Deleted4yrs4Y
Make public universities free to attend if you earn less than a certain amount of money.
@MSelvig3yrs3Y
No, and the government should not be in the money loaning business.
@ThomasJj883yrs3Y
There should be free universal education for all citizens.
@8M3JFPM4yrs4Y
I don’t really care about it.
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Deleted3yrs3Y
Everyone should pay their fair share. Education should be free for all citizens.
Deleted3yrs3Y
College education should be free of charge for all citizens.
@9334YP33yrs3Y
No, taxation is theft and should be abolished entirely for all US citizens. Instead end government loans and put all current ones into privately managed accounts.
@93HTZPV3yrs3Y
No, allow students to go bankrupt on federal student loans.
@93ZP8QG3yrs3Y
Taxes on the wealthy should be raised in order to level the playing field, but not solely to lower interest rates on student loans. Regardless, we should lower student loan interest rates; high interest rates make debt repayment nearly impossible.
Deleted4yrs4Y
Free public college for citizens by decreasing the unnecessary spending in the government.
Deleted4yrs4Y
Free college for every US citizen.
Deleted4yrs4Y
Free college education. Decrease the military budget and don't give out unnecessary foreign aid. PROTECT OUR CITIZENS
@8MNYGHJ4yrs4Y
every person should be taxed diffrently based on how much they make and close tax loopholes should be closed for company's
Deleted4yrs4Y
Free education for all citizens.
Deleted4yrs4Y
Free college education for all citizens.
@8HQL5NV4yrs4Y
I don’t really care about politics
Deleted4yrs4Y
Lessen the military's budget and other places in the government with unnecessary spending. After this is done every legal citizen should be able to go to a public university or vocational school for free. Those who are capable of paying full price should be forced to pay without aid.
Deleted4yrs4Y
Free education for all citizens
Deleted4yrs4Y
No, but billionaires should be encouraged to donate some of their wealth towards the less fortunate.
Deleted4yrs4Y
No, make tuition rates lower and reduce interest rates.
@8YPV9GG3yrs3Y
All student loan debt should be cancelled entirely.
Deleted3yrs3Y
No, higher schooling should be something to achieve and you must strive for. If you don’t care about school, then you shouldn’t get into college for free.
Deleted3yrs3Y
Free education for those whose parents do not earn a lot.
@8FKMVNV4yrs4Y
No, the rich shouldn't have to pay for loans that other people took out.
@8LNBJ7N4yrs4Y
Colleges can be expensive, but making them completely free would increase taxes a little too much.
@8K7H35J4yrs4Y
I worked my way through college with a degree in accounting. I graduated debt free. If you spend tens of thousands of dollars on a worthless degree, you don't deserve reduced interest rates or a debt waiver. If the country is short on doctors, scientists, teachers, etc. reduce the debt, or, full tuition reimbursement upon successful graduation and working in that field for a prescribed number of years.
Deleted3yrs3Y
No, everyone should be taxed the same and pay their own debts, but still reduce interest rates for student loans and eliminate loopholes for the rich, and fund more scholarship programs.
Deleted3yrs3Y
No, everyone should be taxed the same and pay their own debts, but eliminate all loopholes, and still reduce interest rates for student loans.
Deleted3yrs3Y
Free college for all citizens who make less than a certain amount.
@8CJGSSR5yrs5Y
Student loans should not be backed by taxpayers
@558YLXV4yrs4Y
No, but end the federal student loan program.
@55QNPG64yrs4Y
Yes, the government should not be making money on students getting an education
@8Q8RMYM4yrs4Y
No, we already overtax the rich considering the top 13% pay for 90% of taxes, I know this equates to proportion of wealth, but if we continue to overtax then these billionaires will just move out and outsource more jobs, which means less money running through the economical stream
@8QNP2M54yrs4Y
Cut funding from other government spending like senator and congressmen paychecks for example.
@2D5KCHQ4yrs4Y
Yes, and forgive all existing student loan debt.
@93CT93D3yrs3Y
Tax loopholes used by the rich should be fixed
@8XTPJMC3yrs3Y
no but we should decrease student loans
@8XTPJMC3yrs3Y
yes and no I would want the taxpayers should know what there paying for.
@8QZF9F64yrs4Y
no add more scholarships from private organizations.
@8Q6C4Y44yrs4Y
No, and start transitioning government student loans into privately managed accounts
@8R3TC794yrs4Y
Perhaps, if, in addition to going toward education, the taxes were reduced for the poorer, increased for the richer, and Megacorps. Otherwise, that sounds an awful lot like socialism, and no, just no.
@88LK76J4yrs4Y
No, but we should still reduce interest rates for student loans From public colleges and universities
@88LK76J4yrs4Y
No but we should still eliminate student loans from public colleges and universities.
@88LK76J4yrs4Y
No we should eliminate student loans from public colleges and universities.
@88LK76J4yrs4Y
No, but we should still reduce interest rates for student loans At public colleges and universities
@88LK76J3yrs3Y
No and ban student loans
@88LK76J4yrs4Y
No, but we should still reduce interest rates for student loans At public colleges and universities.
@94267X23yrs3Y
No and stop giving federal student loans
@8JP4VGF4yrs4Y
No, The rich should not have to pay the price for something they do not wish to buy, taxes should be balanced between the rich and poor depending on how much they make.
@8Q8HM8X4yrs4Y
@6HDD83R4yrs4Y
50% income tax on individual and corporate entity (10% federal, 10% state or territorial, 10% county or county equivalent (or 20% for CDP's), 10% incorporated area (e.g. city, town, village, etc) (does not apply to CDP's), and 10% social security
@4KPDFXD4yrs4Y
College should have no out of pocket cost and instead should be paid for with a portion of military spending
@8VCMN274yrs4Y
only if the rich have a lot of income
@8PK69PX4yrs4Y
No. Students have a responsibility to pay off their own debt. Taxpayers shouldn't receive the burden of someone else.
@8TV9L2L4yrs4Y
I support making the cost of tuition affordable so that student loans aren't so excessive. the greed of colleges is what needs to be eliminated
@8QXCJKB4yrs4Y
Yes, because those who earn between $1 Million to $2 Million will still have enough money to live after being taxed.
@8DLTKCZ4yrs4Y
Yes, and all federal student loan debt should be forgiven
@93VVP973yrs3Y
No, but eliminate interest rates on student loans
@8XK89WW3yrs3Y
I believe that they should increase taxes on rich people but the student loans should stay the same
@7G3G2W33yrs3Y
Yes, but I prefer making college free
@93L9X563yrs3Y
This is very complicated
@8MKH7D84yrs4Y
yes and still reduce rates for student loans
@8H4DF7B4yrs4Y
No but low income students should get lower interest rates for student loans and student loans can be forgiven for anyone if students does community service, military service, jail time, or jury duty AND THEN works for the company for free with a living wage for however long it takes to pay back the loan plus the living wage etc OR if the student earns or lawfully gains the same amount during community service etc OR on the side while working at the company. Someone else can also pay off their loans if they choose to.
@93GKDZS3yrs3Y
Increase taxes for the rich and reduce interest rates for student loans, but all colleges don't necessarily have to be free because that may mean extremely high taxes that I have to pay
@8R7JPB54yrs4Y
Student should be canceled. Doing such will help students use their income to live.
@8J3HQ4T4yrs4Y
Forgive 100% of all Federal Student Loans and end the Federal Student Loan Program
@8WCTWT23yrs3Y
No, but I think that taxes should be based on your annual income and how much you make. I also believe that costs for universities and colleges should be lowered.
@8TXV5564yrs4Y
I think they should raise the Capital Gains Tax given the richest individuals have their money in stock.
@8L2V9K84yrs4Y
All tax rates should be exactly the same, and people must also realize that you don’t necessarily have to pay income tax.
@8TVYZQL4yrs4Y
No, but fines for committing a crime should be increased for those who are rich.
@2PR69DM4yrs4Y
No, but make all future college education tuition-free.
@68QRLZT4yrs4Y
No, interest rates for student loans should be eliminated instead
@6NLNK8C4yrs4Y
Yes, increase taxes on the rich. Yes, reduce student loan interest rates. These two good ideas need not be connected.
@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.
@7HRC4KW4yrs4Y
No, but eliminate all exemptions and/tax breaks
@7KCBJ6J4yrs4Y
Raise taxes on large corporations rather than an individual rich person.
@78S5M874yrs4Y
Let the free market drive the cost down.
@78S5M874yrs4Y
Let the free market drive the cost down without taxing.
@7W3SBDC4yrs4Y
Not "tax the rich" but there are other ways to reduce rates, improve forgiveness programs, improve and expand work-study jobs.
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