Bernie Sanders Goes Big on Student Debt Forgiveness

Three things to watch for in the Democratic presidential debates

The Student Debt Cancellation Act and the College for All Act would finance this bold new agenda by implementing a tax on Wall Street speculators, including a 0.1 percent tax on bonds anda 0.5 percent tax on stock transactions.

The plan, first reported by The Washington Post, goes further than proposals by fellow presidential candidates in that it aims to cancel all of the student debt held by 46 million Americans (including graduate school debt). Sen.

No "undercard." NPR, which profiles all 20 candidates, reports that the Democratic National Committee and NBC wanted to avoid the "undercard" debates that the GOP had for low-polling candidates.

The race to the 2020 American presidential election kicks off in earnest this week with the first round of Democratic primary debates, which will be split into two nights to accommodate a crowded field of candidates.

Mr Sanders' proposed legislation is co-sponsored by Democratic congresswomen Pramila Jayapal and Ilhan Omar. John Delaney and Seth Moulton - have already said they support student debt forgiveness plans.

Sanders said that his plan, estimated to cost $2.2 trillion over 10 years, will be "fully paid for" by a tax on Wall Street speculation.

While the plans differ on how they would raise the money to pay off the country's outstanding student debt, both proposals seek to boost the middle class by erasing a financial burden that can make it tougher for families to afford a home or vehicle.

More than 42 million of them have student loans of $100,000 and 2.5 million people have debt exceeding that figure.

Those with incomes up to $250,000 would also see "substantial debt cancellation", but the top 5% earning over $250,000 would not be eligible for any relief.

"I don't think that is the bar through which a person should be able to access education, health care, and a bevy of other things considered human rights", she added.

But given fundraising timelines and the fact candidates won't get a second chance to make this first impression, it will still be an important kickoff to debate season.

By canceling all student loans, Sanders says the proposal addresses an economic burden for 45 million Americans.

His $1.6tn plan is as costly as it is ambitious. Futhermore, the legislation also calls for the elimination of the $1.6 trillion in student debt for all Americans, not just those that qualify under certain conditions.

Bullock's campaign has accused the DNC of employing a "secret rule change" that excludes "the only Democrat who won a Trump state". This is his play.

But some candidates, like current Democratic front-runner former Vice President Joe Biden, have deep experience on the debate stage.

In other developments on the campaign trail, Mr Biden on Monday published an opinion piece on immigration in the Miami Herald newspaper. We'll also embed the thee YouTube Dem Debate live stream video when it comes online. Pete Buttigieg, the mayor of South Bend, Indiana, grappled in the aftermath of a fatal police shooting of a black man with accusations of racism within the city's predominately white police force. But the straw polls conducted by She the People, NextGen America, and MoveOn suggest the issues that animate the most engaged voters and those who do the work necessary to galvanize massive voter turnout.

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