Warren’s 2020 Platform Calls For ‘Ultra-Millionaire Tax’ to Pay Off Student Debt
Senator Elizabeth Warren (D., Mass.) rolled out a policy proposal Monday that calls for the use of public funds to pay off hundreds of billions of dollars in outstanding student loan debt. Under the proposal, the government would pay off some $600 billion in outstanding student loan debt over the next ten years using revenue derived from a so-called “ultra-millionaire tax,” an annual 2 percent tax on wealth over $50 million plus an additional 1 percent on wealth over $1 billion. “Higher education opened a million doors for me. It’s how the ...
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