GOP: Biden’s Student Loan Debt Transfer Is Unfair & Inflationary ...Middle East

House GOP Minority Leader Kevin McCarthy (R-CA) wrote about President Biden’s Student Loan Debt Transfer. McCarthy was Tuesday’s KVML “Newsmaker of the Day”. Here are his words: “Last week, President Biden signed legislation to raise taxes on the middle class. Now, the President is transferring $10,000 in student loan debt for highly educated, rich borrowers. And who pays for it? Hard-working Americans who either already paid off their debts or never incurred debt in the first place. Per the Penn Wharton Budget Model, Biden’s debt transfer would cost at least $300 billion, and most of the benefits would go to households in the top 60 percent of earners. Even liberal economists warn Biden’s

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GOP: Biden’s Student Loan Debt Transfer Is Unfair & Inflationary ...Middle East

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