'In contrast to President Trump and Republicans who gave giant corporations $2 trillion in tax breaks, President Biden delivered transformative middle-class relief,' said two senators.
on its estimated cost, some Democratic lawmakers on Monday pointed to the report as further evidence that the administration is on the right track.
In response to a request by a pair of Republicans, the nonpartisan Congressional Budget Office said that Biden's plan—which will cancel up to $20,000 in debt for federal borrowers with certain incomes—will cost about $400 billion"Today's CBO estimate makes clear that millions of middle-class Americans have more breathing room thanks to President Biden's historic decision to cancel student debt," declared Senate Majority Leader Chuck Schumer and Sen. Elizabeth Warren .
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CBO: Biden's student debt plan would cost $400 billionPresident Joe Biden’s plan for student debt cancellation will cost the federal government about $400 billion over the next 30 years, according to new estimates from the Congressional Budget Office.
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CBO: Biden’s student debt plan would cost $400 billionPresident Joe Biden’s plan for student debt cancellation will cost the federal government about $400 billion over the next 30 years, according to new estimates from the Congressional Budget Office.
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CBO: Biden's Student Debt Plan Would Cost $400 BillionThe administration is expected to release its own detailed cost estimates in coming weeks.
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Student Loan Forgiveness: Can Biden Do That?Roxanne Bland reviews the details behind President Biden’s student loan forgiveness plan and questions whether the president has the authority to forgive student debt.
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