Sanders, liberals, out with bill to cancel student debt

Return To Article

Commenting has temporarily been suspended in preparation for our new website launch, which is planned for the week of August 12th. When the new site goes live, we will also launch our new commenting platform. Thank you for your patience while we make these changes.

  • jsf Centerville, UT
    June 25, 2019 1:10 p.m.

    Lou, I do have a CPA, that understands corporate finance and reporting. I do have a degree in accounting, which includes corporate accounting and tax. Again ask your CPA how the corporate costing passes the corporate tax through to the consumer?

    So funny, the first claim you make is your tax preparer is helping you keep more of your money, then you excoriate corporations for doing the same thing you do.

    Corporations try to reduce their taxes to lower the cost of producing products to sell in a competitive market. As for the Dubai comment, international companies don't want to report their income in a country that has high tax rates. They have international branches because of it.

    As for the US business, you can't move untaxed money to offshore accounts. If it is US income it gets taxed in the US. The comment about untaxed US income moved, is wrong on so many levels.

    "Because Republicans love to avoid paying taxes." So really funny and myopic. Why do you think the Clinton Foundation was organized in Canada for. They are avoiding US taxes.

  • Zabilde Riverdale, UT
    June 25, 2019 5:40 a.m.

    Even if elected it would never pass. This is pure vote buying. Trying to offer more freebies to buy our votes.

    We can't afford it. We can afford what we currently spend on education. The nation is over $21 Trillion dollars in debt and all Bernie wants to do is add to it.

    You want to help people pay for their schooling. Ban or limit useless degrees. If a degree doesn't point directly into a job field then it shouldn't be eligible for student loans. Push more students to look at trade schools instead.

    Going $100,000 in debt for a degree that qualifies you to flip hanburgers at McDonalds is not smart and should not be subsidezed at all.

  • Cougarbib2 Moorpark, CA
    June 25, 2019 2:16 a.m.

    Much of this student debt was borrowed unnecessarily to maintain a life-style while going to college and to avoid making sacrifices like working part-time, taking longer to finish, or doing without some things.

    But, other students did do without things or had parents take out loans, or contribute to college funds for decades, walk to class instead of having a car, live in a humbler situation, live at home, junior college, in-state tuition, chosing more practical majors.

    So yeah liberals let's punish those people or the ones that have been working extra jobs to pay down their debt.

    That is the problem with doing something retroactive unless we go back and reimburse those that paid their own way - plus interest.

  • worf McAllen, TX
    June 24, 2019 9:42 p.m.

    Many students work and pay their way through college. Not fair that someone else get a free ride. Not fair that someone else is made to pay their tuition.

    Don't take challenges out of life. It's very possible to put yourself through college.

    If Bernie really wants more votes,--perhaps he could offer to pay off our cars and houses.

  • LOU Montana Pueblo, CO
    June 24, 2019 5:23 p.m.

    Thank you for the economics lesson. Maybe you should meet my CPA or a good tax lawyer because they have taught me how to keep more of my own money.

    You know as well as I do big companies hire the best tax attorneys and the loophole everything they can. That is why George W Bush helped to build Dubai. In Dubai sits nearly $40 trillion untaxed American dollars. Because Republicans love to avoid paying taxes. Most of our major corporations have an office in Dubai to avoid paying taxes. That money should have never left this country untaxed!

    Paying for higher education is nothing compared to what people cheat on their taxes.

    We want stronger and smarter America not a bunch of low wage, low education people.

  • bamafone Salem, UT
    June 24, 2019 1:02 p.m.

    Santa Clause giving away toys to children for cookies (votes)

  • jsf Centerville, UT
    June 24, 2019 12:54 p.m.

    LM what your saying is gas lighting. The wealthy don't have all their wealth sitting in piles of cash. McScrooge and his vault of cash is not reality.

    The wealthy hold their funds in banks, which banks then are allowed to lend to consumers. The wealthy invest in stocks and bonds which allow companies to grow, buy equipment and hire labor.

    If a corporation buys back it's stocks and bonds, it is a cash outflow to banks and share holders. It does not increase cash available for bonuses.

    When a corporation pays bonuses, the recipients don't go home and put the cash in a vault, they invest it and others use the money to buy equipment, hire labor and purchase materials.

    There are many college classes that deal with economics, finance and money. What you want is a contraction of the money supply, that is not good for the economy.

    The policies you want will enable the government to eventually come for your home, your car, your wealth. Because once you eliminate any ones wealth above you then you are the wealthiest and deserve to have your wealth removed.

  • The Great Helmsman Salt Lake City, UT
    June 24, 2019 12:31 p.m.

    What I’ve heard . . . I don't know, a lot of people are saying, . . . major, major people are saying , . . . one percenters need their taxes cut, but the students? Not so much. The loans?

    Everybody’s talking about it.

  • LOU Montana Pueblo, CO
    June 24, 2019 11:26 a.m.

    An educated student pay back this country 110%.

    Give the wealthiest tax breaks and they contribute less than 10% back into jobs, benefits, and employee wage increase.

    Give wealthy businesses a bailout and they lay people off, buy back thier stocks, and give themselves bonuses.

    What is most humorous is when big businesses expand they usually do it with government money.

    Teach a man to fish and he can feed himself.
    Teach our children and they can feed the world.

  • jsf Centerville, UT
    June 24, 2019 11:13 a.m.

    Democrats have the right idea. About 50% of the population pay no taxes. If you want to get the taxes from them, raise the corporate tax rates. Corporations pass their costs (taxes) through to the consumer. The poor pay those pass through taxes for things like bread, milk, clothes and shoes. All those basic necessities' prices rise and the government coffers go up.

    But Bernie says the state can own all production, get the market out and the state can raise the prices of everything, and collect all excess revenues. Why that's better than taxes and the leaders get extra benefits befitting their power.

    Ever see a communist despot that doesn't have all the same luxuries of the wealthy corporate officers. They just tell you it's the property of the people.

  • RedShirt_CDLofWY Montezuma Creek, UT
    June 24, 2019 11:03 a.m.

    How many here complaining about this proposal have no problem with a childless tax payer such as myself paying more in taxes-both property and income-so you can continue to pay less for having your large brood?

  • worf McAllen, TX
    June 24, 2019 10:39 a.m.

    Sorry Bernie!

    The best way to destroy a country is to punish and over tax its businesses.

  • worf McAllen, TX
    June 24, 2019 10:31 a.m.

    This is like taking grades from honor roll students and giving it to those with lower marks.

    Except from themselves, it's sad when politicians would take the earnings from some and give it to others.

    What's sadder is that many of our citizens feel they're entitled to someone else earnings.

    Those with the higher earnings are the ones who supply employment and the many fine products we are able to purchase. Take that away and you suffering and poverty.

    Historically, equality has been achieved through all citizens being in poverty.

  • jsf Centerville, UT
    June 24, 2019 10:20 a.m.

    Ah Lou, what happens when the wealthy have no more money to take? I guess the government can take the rest of what you have. And you will be smiling as it goes away.

  • n8ive american Shelley, Idaho
    June 24, 2019 10:11 a.m.

    And who foots the bill for all this? Taxpayers. Even those who didn't go to college. So, along with spreading the wealth they want to spread the debt.
    Here's an idea Dems, how about make it a law that everyone earns $100,000 a year regardless of what you do? Wouldn't that bring about the equality you're looking for?

  • casual observer Salt Lake City, UT
    June 24, 2019 10:02 a.m.

    Universities where the debt was incurred should also chip in. They charge exaggerated fees and tuition for a degree that does not prepare graduates to repay their loans. The proposal is a college subsidy that leaves out students who took 6 years to graduate because they worked part time or parents who mortgaged their homes to send their kids to college. Let the government assume the loans interest free and provide a 25 year pay back.

  • Whale of Fortune Salt Lake City, UT
    June 24, 2019 9:34 a.m.

    If students loans are problematic enough to warrant cancellation, why don't we just make them illegal?

  • scrappy do DRAPER, UT
    June 24, 2019 8:54 a.m.

    come on Bernie.. you can do better than that.. Warren already gave us this proposal.. how about all student debt cancelled and each of us voters gets a crisp, new $100 bill..

  • high school fan Huntington, UT
    June 24, 2019 8:04 a.m.

    So to assist those with student debt we take advantage of all the rest of us. And what about those whom went to college without student debt, those that were responsible, what do they get. And how about colleges that have billions of dollars in funds, why don’t they help?
    And lastly, the authors are happy to point out that President Trump added a bunch of trillion dollars of debt to help the rich but why not mention President Obama that added ten trillion dollars of debt in his time in office?

  • LOU Montana Pueblo, CO
    June 24, 2019 7:39 a.m.

    If we can give the wealthiest Americans a trillion dollars in taxbreaks than we can clear the student debt of our future generations.

    The oppressors have always feared an educated society.