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@ISIDEWITHQuestionseducation10yrs ago

Do you support increasing taxes for the rich in order to reduce interest rates for student loans?

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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 @6HDD83R from California  answered…4yrs4Y

50% flat or proportional tax rate regardless of the income of the individual or entity (e.g. corporation, company, business, franchise, etc)

 @88LK76J from Michigan  answered…4yrs4Y

No, but we should still reduce interest rates for student loans From public colleges and universities

 @88LK76J from Michigan  answered…4yrs4Y

No but we should still eliminate student loans from public colleges and universities.

 @88LK76J from Michigan  answered…4yrs4Y

No we should eliminate student loans from public colleges and universities.

 @88LK76J from Michigan  answered…4yrs4Y

No, but we should still reduce interest rates for student loans At public colleges and universities

 @88LK76J from Michigan  answered…3yrs3Y

No and ban student loans

 @88LK76J from Michigan  answered…4yrs4Y

No, but we should still reduce interest rates for student loans At public colleges and universities.

 @6HDD83R from California  answered…4yrs4Y

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

 @EthanHars from Iowa  answered…4yrs4Y

No, but lower costs

 @8VC7WDN from North Carolina  answered…4yrs4Y

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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 @ISIDEWITH submitted…4mos4MO

No One’s Safe: Trump’s ‘Border Czar’ Homan Promises Sweeping Deportation Operation

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