Last Spring the U.S. Senate defeated The Bank on Students Emergency Loan Refinancing Act by a vote of 58-38. The act, proposed by Senator Elizabeth Warren (D-MA) would lower the interest rate on existing student loans from 7% to 3.86%. The act would be financed by levying a mandatory income tax of 30% on everyone who earns between $1 Million and $2 Million dollars per year. Proponents argue that current student loan interest rates are nearly double normal interest rates and should be lowered to provide relief for millions of low-income borrowers. Opponents argue that the borrowers agreed to pay the interest rates when they took out the loans and taxing the rich would hurt the economy.
No punishing sucess reduces motivation to strive for sucess.
No, Should be the same for everyone
Public education should be free from K-College.
If they're taxing jews yes
Yes, but interests rates for student loans should not change.
No. Make school affordable so students don’t have to take out student loans
Yes, I support the 1% paying more in taxes
Tax the "rich" but not for only interest rates for student loans
Education fees should be regulated
I think we should work on closing tax loopholes that the rich abuse
Yes, but I also believe taxes should not be raised tremendously, just slightly to help out. If the rich is working very hard for their money their taxes should not be raised, but if the money was handed to them they should be giving back and those people should be the ones with their taxes raised slightly.
yes and no, we should make it more affordable .
Pass laws that limit what post secondary can charge.
Yes because if rich people have the money they should pay their taxes.Even people of middle class pay more than most rich people just simply because they don't have a choice like the rich.
I am uneducated on this issue.
No, but college has become far, far too expensive. Reform? Absolutely. Socialized? No.
Current system is debt slavery. End current guaranteed student loan programs, change to scholarship for (top) poor, subsidy for top 20%, avoid gov't funding a college bubble. If it means raising taxes, tax progressively.
no thye shount raise taxes for the rich thats there money and we shoulnt have a system where our students go right in to debt after college
Yes, but only for the "uber" rich (multibillionaire, 1%). Definitely reduce interest rates on student loans.
Everyone should pay the same amount in Taxes because we are all equal
Yes, but probably not likely to happen.
I think there should be more affordable way for people to get an education.
yes but do not use the money for that use for something more beneficial
Yes, IF we can tax the rich, it's not out of their ability to leave as soon as their tax is raised.
It should depend on if they want to or not.
No, but we should try to reduce interest rates for student loans and allow students to choose to transfer their student loans into privately managed accounts
Yes, but interest rates should not be a factor.
i dont think they should higher taxes for anyone. taxes are already expensive. yes it would help with student loans but they should set aside a certian amount.
no, but school costs should be lowered
Make bigger and more state run Universities that aren't trying to draw people in with big expenses that are just going to make their college bills more expensive like having sports teams and paying professors ridiculous amounts of money.
Stop subsidizing college.
Education reform. Reduce cost of schooling (ie college) at a base level.
you should decrease student loans all together whether you are poor or rich
Reduced education cost or government funded
No - I'd like to see more State programs like GA's Hope Scholarship make college tuition, books and living expenses free through lottery programs, for almost anyone who seriously aspires for higher education.
I think interest rates and student loans should be based on income.
No because who determines who are the rich. Too often the middle class ends up getting the brunt of these tax increases.
yes raise their taxes, and yes reduce interest rates....but i fail to see how those two things are related
Flat tax rate without loopholes or tax shelters
No and I think there should be no interest on government student loans
Interest should be forgiven, and no future loans should be granted.
Lower interest rates on student loans, but don't tax the general public or rich people specifically for things they otherwise wouldn't be involved in.
Yes, most people well off don't pay as much taxes as they should. If theirs was increased it could help more people not drop out of college because of how pricy student loans end up being.
No. Fair Tax. Gov't never should have gotten involved in student loans. They have made a MASSIVE mess of it.
Yes, but only tax incomes of greater than $1 million per year. Don't touch anyone below that.
No, Government should monitor college tuition rates based on prospective average career income for 10 years.
Wealthy should pay the same percentage with less write offs
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