Why would they support anyone but their client’s…The Rich getting break?
I mean isn’t enough that they fleeced the middle class and poor with the 2017 ‘tax reform (break) ‘ grab ?
The reality is that many households above and below the median U.S. household income level of $67,521 hold student loan debt.
According to a Brookings Institution analysis of 2019 data from the Federal Reserve, about 60 percent of all student debt is held by households making $74,000 or more annually, with the rest of the debt held by households under that figure.
The Biden administration appears cognizant of the risk of the GOP attacks.
While Schumer and other Democrats have pressed for the administration to forgive $50,000 in debt per student, Biden is believed to be looking at giving at least $10,000 in forgiveness per student, sources have told The Hill.
Relief under that action could be limited by income level, The Washington Post reported, with the White House weighing giving relief to individual filers who earned less than $125,000 or $150,000 in the previous year, or $250,000 or $300,000 for those filing jointly. …