Penn Wharton Budget Model has released its analysis of student loan forgiveness, estimating it will cost bet. $300-$980 billion

Anyone actually pay off their student loans? Suckers.

Anyone up to an income of 125k individual to 250k household qualifies, and grad school debt is included.

So this means that if you're a doctor married making 249k/yr the taxpayer just gave you 10k. If you're a new doctor doing his residency who is guaranteed to be rolling in cash in a few years, same. As a rule, college grads do better than non college grads, so then why are non college grad taxpayers being forced to pay for a broad tax hike just so all that money can be diverted to the people who are already ahead?

If you are on track to be RICH even at a young age, as long as you aren't super rich in annual income right this second, here is your $10k. If you're a rich trust fund baby, here is your $10k.

Democrats LOVE welfare for the rich as long as statistics show that democrat voters will be the primary beneficiaries, which they are here, since the young and those with college degrees skew highly Democrat.

Democrats already pulled this shit by lifting the SALT cap, which was a pure tax cut for the rich, because since blue states have much higher taxes, lifting the SALT cap disproportionately benefits Democrats. Same with Biden's "childcare" plan, nearly all the money from which would go to rich liberals in cities like NYC and SF to send their kids to expensive elite "academies".

You want to know why Bernie lost? This is why. Because he is at least opposed (though less so now since he wants to be a team player) to Democrat crony welfare to their rich base. The people who took out Bernie and put Biden in power with their campaign donations? This is what they wanted. And Biden is delivering. It's pure political corruption in the form of buying votes and dumping taxpayer money on your own base so that they will give part of it back to you in future elections.