Elizabeth Warren: Tax the Rich to Let Students Pay Off College Loans

Senator Elizabeth Warren (D - MA), a candidate for the presidential candidate in 2016, said Congress should tax more than $ 1 million to households and small businesses, then use tax revenues to bring students with high debt to colleges He said. Loan refinancing

In a speech at the Center Progress Center on Thursday, Warren outlined a plan to revive the proposed Buffett regulation to lower the interest rate of student loans. With the support of President Obama, tax increases have been stalled in Congress.

Mr. Warren estimates that this measure will raise at least $ 75 billion and $ 100 billion. According to her plan, Mr. Warren states that taxes will be used to keep the interest rate of student loans at 86%.

Now, in order to fund the US government, we gained billions of dollars profits for student loans, but there are enough loopholes to pay taxes at lower rates than their secretaries I was able to have.

This is a simple choice. You can use $ 750 million to protect the money loopholes of billionaires or refinance the student's debt balance with $ 75 billion. This is a billionaire or student

The Senate Democratic Party has repeatedly tried to revive the Buffett regulations that President Obama originally proposed in 2011. (This bill is named after the billionaire investor Warren Buffett.) Once it is issued, it applies a minimum tax rate of 30% to Americans adjusted for Americans . Million dollars or more

Rea Hederman, a senior tax policy analyst from the heritage expert and director of the data analysis center, revealed the myths on Buffett's rules, including what Warren had in his recent speech. For example, households earning more than $ 400,000 have already paid 29% of all federal tax effective rates. Also, the top 10% of income earns 70% of federal income tax

"Compared to the massive expenditure President Obama wants, the implementation of Buffett's regulations is poor, but this will seriously consider economic growth and employment creation."

According to calculations at Heritage's Data Analysis Center, taxpayers with adjusted gross income between $ 1 million and $ 1.5 million will receive a tax reduction of $ 67,000 according to Buffett regulations.

Heritage 's Brittany Corona is an educational policy research assistant who criticized the federal government on participation in the student loan business, especially long - term expenses not known to taxpayers.

"Continuing to expand higher education subsidies by subsidizing federal student loans and subsidies will not put pressure on universities to cut costs," Corona warned. "In fact, it is against opposing to earn loose money, allowing the university to raise the price as they know that students can return to the federal trough for more funding."

Reorganization of federal student loans This proposal has become part of political discussion in various ways. New York Governor Andrew Como provides a model model of the concept of a state university. A totally different discussion subcommittee - like Senator Lamar Alexander - will ask colleges and universities to take part in borrowing responsibility for paying student loans if the borrower falls into default. This is called "skin in game". This does not directly shrink the enormous portfolio of federal student loans, but it will motivate universities and universities to think more closely about enrollees. Students with the possibility of dropping out of school or poor grades in the academic program may find that the unit may be worse and that the unit is small in the university.

For most university students and university graduates, student loans are necessary for entering university. It is estimated that at least 70% of university students have education loans. For the Millennial generation, student debt is a common concern and requires a lot of financial planning and awareness to help young people repay debt of students without getting into deeper debt. Here are four facts about repaying student loans: are you still searching for a new graduate and work? Please consult your loan provider to see if they have a grace period before you can begin to pay. For example, Stafford loans have a six-month grace period and Perkins loans have a nine-month grace period. Even a private education loan may have a grace period, so it is important to ask financial institutions about their policies and to confirm that the terms of the loan are known.