Report: Dems championing student debt cancellation have the most to gain from legislation

Many believe that one way President Joe Biden can gain a much-needed polling boost is by following through on earlier promises to begin wiping out student loan debt.

According to the Daily Caller, some experts have determined that many of the Democrats supporting such an idea are in a group of people who stand to gain the most from such action.

In a review of multiple financial disclosures, the Daily Caller News Foundation determined that just over a dozen Democratic members of Congress who support canceling student loan debt have “up to roughly $1.5 million combined in their own or a family member’s educational debt.”

Critics of the plan argue that, at the very least, there should be income limitations to who’s eligible to receive the forgiveness, especially when it comes to doctors, lawyers, and other professionals who have the income to comfortably repay their obligations.

Kendra Arnold, executive director of the Foundation for Accountability and Civic Trust, pointed out that given the connections some members of Congress have to the issue, it’s valid for voters to raise questions with regard to their motives.

“When Members have these type of connections to issues they are directly advocating for, it leads to citizens fairly questioning whether members are advocating for the public good or their own personal interests,” Arnold said.

Some of the Democrats who would hypothetically benefit from a student loan debt cancellation include Rep. Alexandria Ocasio-Cortez (D-NY), who still owes roughly $50,000 for her college education. Rep. Rashida Tlaib (D-MN) owes roughly $100,000 for her education.

Both women have strongly advocated for the president to move forward with a debt cancellation program.

The Daily Caller noted that New York Rep. Grace Meng (D) had also issued a strong call for Biden to launch a student loan debt cancelation. It just so happens that her husband owes a staggering $250,000 in student loan debt.

The outlet added: “The Biden administration may limit cancellation for people who earned $150,000 in the prior year — or married couples filing jointly who earned less than $300,000 in the prior year — but it remains uncertain how the cancellation plan could be implemented.”

If that ends up as the income limit for the program, members of Congress, whose salaries begin at $174,000, would be eliminated from eligibility.

2 Responses

  1. iNCREDIBLE HOW THE DEMS COME UP WITH SCHEMES THAT ONLY BENEFIT THEMSELVES. OR THAT TRY TO BUY VOTES.

  2. GET RID OF THE KNUCKLEHEAD IN THE OVAL OFFICE….HE MUST BE ON DRUGS LIKE HIS SON….ALL HE DOES IS LAUGH ALL THE TIME..HARRIS DOES THE SAME THING….I HEAR IT IS THE DRUGS THEY TAKE….GET RID OF THEM…..NOW!!!!!

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