After $1.9 Trillion Giveaway to Rich, McConnell Calls Debt Relief for Working Class 'Slap in the Fac
After $1.9 Trillion Giveaway to Rich, McConnell Calls Debt Relief for Working Class 'Slap in the Face'
"You literally canceled $1,900,000,000,000 in tax cuts for the rich," said Public Citizen.
JULIA CONLEY
August 24, 2022
https://www.commondreams.org/news/2022/08/24/after-19-trillion-giveaway-rich-mcconnell-calls-debt-relief-working-class-slap-face
"SNIP.......
Five years after U.S. Senate Minority Leader Mitch McConnell aggressively pushed a $1.9 trillion tax cut package that disproportionately benefited corporations and the wealthiest Americans, progressives on Wednesday were uninterested in his complaints about President Joe Biden's cancellation of some student debt for working Americans.
"You should sit this one out," government watchdog Public Citizen suggested after McConnell (R-Ky.) lamented the cancellation plan as a "slap in the face" to borrowers who have paid their debt or didn't go to college.
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McConnell warned that by canceling $10,000 in student debt for borrowers who earn $125,000 or less per year, and an additional $10,000 for people who received Pell Grants, the White House is "taking money and purchasing power away from working families and redistributing it to their favored friends."
Political observers noted on Wednesday that Biden's plan is likely to greatly increase purchasing power for families who have been making monthly student loan payments. In addition to wiping out monthly payments for millions of people who carry loan balances of $10,000 or less, the plan includes new rules for income-based repayment plans, ensuring borrowers pay no more than 5% of their discretionary income rather than 10%.
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= new reply since forum marked as read
The REAL grim reaper needs to pay a visit to that fucking miserable wretch….
Is debt relief offensive because doing so relieves some stress on working folks?
He needs to stfu!
