Vice President Kamala Harris deflected when asked by a reporter on Monday exactly who was “footing the bill” for President Biden’s massive student loan handout, instead accusing Republicans of cutting taxes for the rich.
(Video Credit: GOP War Room)
It was as if she had a script that she had to stick to in order for the blame over the socialistic, reckless spending spree not to fall on Biden or the Democrats. It didn’t work.
“Well, let’s start with this: First of all, a lot of the same people who are criticizing what we rightly did in following through on a commitment that we made to forgive student loan debt are the same people who voted for a tax cut for the richest Americans,” Harris bizarrely charged before boarding Air Force Two to return to Washington.
Harris was in Florida Monday to view NASA’s Artemis I rocket launch, which was delayed.
A Fox News producer informed Harris on the tarmac that the Biden administration hasn’t given a “concrete answer” on who is going to pay for Biden’s decision to forgive $10,000 and $20,000 in Americans’ student loans. She immediately bristled over it.
Like we promised, our Administration is prioritizing the middle class. Nearly 90% of our student loan debt relief goes to borrowers earning less than $75,000 a year.
— Vice President Kamala Harris (@VP) August 28, 2022
Kamala Harris’ answer to how is the student loan forgiveness is being funded just shows how incompetent and over her head she is…totally foolish.
— “El Viejo” Malave (@PatriotMalave67) August 29, 2022
“So when we look at who is benefiting from this, 90 percent of the people who are going to benefit from student loan forgiveness make under $75,000 a year, and that debt has been the reason that they’re unable to start a family, buy a home, and pursue their piece of the American Dream,” Harris claimed, parroting leftist talking points.
The same talking points were used by the White House and Biden in a tweet. It shows the president exiting the Roosevelt Room after announcing the student loan handout. He was asked if that was unfair to Americans who had already paid off their student loans.
“Is it fair to people who in fact do not own multibillion-dollar businesses to see one of these guys getting all the tax credits? Is that fair? What do you think?” Biden tersely asked, referencing the 2017 tax package signed by former President Trump that cut taxes.
Under my predecessor, the wealthiest Americans and biggest corporations got more than their fair share — they’re doing just fine.
Now, it’s time for working people to get the help they need. pic.twitter.com/SP35EqzzxY
— President Biden (@POTUS) August 26, 2022
Another attack vector being utilized by the left and the Biden administration is to go after a group of House Republicans for objecting to the student loan handout while having Paycheck Protection Program loans canceled. The two have nothing to do with each other but the left is trying to make them comparable for all they are worth.
White House press secretary Karine Jean-Pierre, Director of the Domestic Policy Council Susan Rice, and Deputy Director of the National Economic Council Bharat Ramamurti all waffled, hemmed, and hawed when asked about how the student loan forgiveness plan would be paid for and what it would cost. Then there’s the matter of Biden’s declaration being unconstitutional since the House of Representatives holds the purse strings, not the Executive Branch.
Who will ultimately pay the price of Joe Biden’s student loan handout?
The 87% of Americans who don’t have student loans!
— Rep. Jim Jordan (@Jim_Jordan) August 24, 2022
On Friday, Ramamurti estimated that the student loan handout will cost approximately $240 billion if 75 percent of borrowers take advantage of it. But other estimates range between $300 and $600 billion. That still does not answer who is going to pay for it.
The White House is also extending a pause on student loan payments through the end of the year. On top of that, a new Education Department proposal will allow borrowers to cap undergraduate loan repayment at 5 percent of their monthly income.
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