by Katelyn Caralle and Elizabeth Elkind at Daily Mail
- Democrats continue to turn against Biden for his plan to cancel between $10,000-$20,000 in student debt for each borrower making less than $125,000
- Maine Rep. Jared Golden called the move ‘out of touch’
- Comes as a new estimate claims American taxpayers will pay between $400 – $600 billion over the next decade to pay for the relief
- Taxpayers who didn’t take out student loans or have already paid off loans will not benefit from the program, but will still be helping pay for the relief
- Republican lawmakers have heckled the move as unfair to working families
- Some Democrats are hopping on board, and also claiming that the move doesn’t do the work to address root causes that make college so expensive
- DailyMail.com has answered the key questions on the plan – read it HERE
- Have you lost out from the loan write-off? Email james.reinl@mailonline.com
Sputterings of dissatisfaction among Democratic ranks over President Joe Biden’s plan to wipe out at least $10,000 in student loans has erupted into a full-blown civil war within the party, with some claiming the move is ‘out of touch’ with what Americans want.
The shocking price tag of the forgiveness plan is now estimated to cost taxpayers up to $600 billion – even for those who did not take out federal student loans or have already paid it off.
Thousands of families who saved up to pay for college educations are furious that their responsible financial planning will leave them without benefiting one cent from the relief plan and potentially paying roughly $2,000 in taxes to help pay for it.
Democrats, who are fearing a Republican bloodbath in the 2022 midterms, are turning against the president as the White House scrambles to explain how they will pay for the plan.
Education Secretary Miguel Cardona ducked twice when asked by CNN‘s New Day how much the plan would cost and how it would be paid for.
The Committee for a Responsible Federal Budget released estimates Wednesday claiming that the forgiveness plan could cost taxpayers between $400 and $600 billion over the next decade.
This estimate includes the most up-to-date information revealed by…
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