Dems Pushing To Cancel Student Loan Debt, Will Biden Do It?

Senate Democrats are pushing President Biden to cancel at least $50,000 of federal student loan debt. Ana Kasparian and Cenk Uygur discuss on The Young Turks. Support TYT by becoming a member: http://tyt.com/join

Read more HERE: https://www.forbes.com/sites/zackfriedman/2021/02/04/democrats-will-introduce-plan-to-cancel-50000-of-student-loans/?sh=332361b486f1

"Sen. Elizabeth Warren (D-MA) and Senate Majority Leader Chuck Schumer (D-NY) will hold a press conference today to introduce a resolution in Congress that calls on President Joe Biden to cancel up to $50,000 of student loans for student loan borrowers. As first reported by Fox News, the resolution calls on the president to use executive action for student loan cancellation in the wake of the Covid-19 pandemic. The resolution is similar to a resolution that Schumer and Warren introduced in September. Since then, Schumer has clarified that their proposal doesn’t apply to every student loan borrower. Rather, only student loan borrowers with federal student loans who earn less than $125,000 would be eligible. The student loan forgiveness would be tax-free to student loan borrowers. In the U.S. House of Representatives, Reps. Ayanna Pressley (D-MA), Rep. Ilhan Omar (D-MN), Mondaire Jones (D-NY) and Alma Adams (D-NC) will endorse the resolution as well. Both Pressley and Omar have been vocal supporters of student loan cancellation, and Omar recently supported a new wealth tax to pay for student loan forgiveness."*

Hosts: Ana Kasparian, Cenk Uygur

Cast: Ana Kasparian, Cenk Uygur

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