President Joe Biden got testy when a reporter asked him about the fairness of his student loan forgiveness plan after he announced it on Wednesday.
“Is it fair to people who in fact do not own multibillion-dollar businesses to see when these guys get all the tax breaks? Is that fair?” Biden replied, referencing former President Donald Trump's 2017 tax cut. “What do you think?”
The tax cut was actually far more fair than Biden's student loan forgiveness, but don't expect Democrats to admit that any time soon.
The plan would give up to $10,000 in loan forgiveness to borrowers who make less than $125,000 per year or $250,000 for couples. If the borrower got Pell grants, up to $20,000 would be forgiven.
People who didn't take loans, didn't go to college, or already paid off their college loans are out of luck and get nothing, which is what some don't think is fair.
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