In a floor speech this morning,
A graduate who took out an unsubsidized loan before
The senator discussed how the government could pay for refinancing by closing tax loopholes for the wealthiest individuals and corporations. "Right now, this country essentially taxes students - by charging high interest rates that bring money into the government - while at the same time we give away far more money through a tax code riddled with loopholes and let the wealthiest individuals and corporations avoid paying a fair share," Senator Warren said. "We can close those loopholes and put the money directly into refinancing student loans."
"We can start with the Buffett Rule-a rule that would limit tax loopholes for the wealthy and ensure that billionaires pay at least as much as their secretaries. For every new dollar we bring in by stitching up this loophole, it can go directly to lowering the cost of student loans."
Senator Warren highlighted the
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