Bernie Sanders laughing during a recent Fox News Town Hall.“It’s great that Joe Biden is now supporting a position that was in the Democratic platform four years ago,” Sanders’ team said in a statement. “Now, we have to go much further. We need to make all public universities, colleges and trade schools tuition-free for everyone like our high schools are. We need to cancel all student debt. And, we can fund it with a small tax on Wall Street speculation.”
A tax on so-called “Wall Street speculation,” Sanders’ team previously said, “will raise an estimated $2.4 trillion over ten years” and, in one fell swoop, make all “public colleges, universities and trade schools tuition-free… and cancel all student debt over the next decade.”
“It’s great that Joe Biden is now supporting a position that was in the Democratic platform four years ago.”
The proposal specifically would place a “0.5 percent tax on stock trades – 50 cents on every $100 of stock – a 0.1 percent fee on bond trades, and a 0.005 percent fee on derivative trades.” Conservatives have hammered the idea as a de facto “tax on savings,” noting it would tax many Americans’ 401(k)s and retirement accounts.
SANDERS REVEALS HOW HE’LL PAY FOR PLANS — ARE THERE PROBLEMS?
Biden said Sunday his proposal, part of Sanders’ College for All Act of 2017, will “help roughly 8 out of every 10 families” and include a $70 billion investment in historically black schools. Biden went on to say his new plan would “require these schools to use the additional funds to lower costs for low-income and middle-class students,” in addition to his previous plan to “make sure everyone can attend two-years of community college without debt” and to double the maximum value of Pell grants.
Biden’s campaign did not elaborate on how the proposal would be funded.
“Second: Few people in the country understand how bankruptcy hurts working families more than Elizabeth Warren,” Biden continued. “Today, I am fully endorsing and adopting her bankruptcy plan, which she called ‘Fixing Our Bankruptcy System to Give People a Second Chance.'”
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2020 Presidential Election
Original Article : HERE ;
from MetNews https://metnews.pw/sanders-fires-back-after-biden-partially-adopts-his-free-college-plan-we-have-to-go-much-further/
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