@ISIDEWITHQuestionseducationStarted 10yrs agoActive 7hrs ago2 here now

Do you support increasing taxes for the rich in order to reduce interest rates for student loans?

In March 2019 the U.S. Senate defeated The Bank on Students Emergency Loan Refinancing Act by a vote of 58-38. The act, proposed by Senator Elizabeth Warren (D-MA) would lower the interest rate on existing student loans from 7% to 3.86%. The act would be financed by levying a mandatory income tax of 30% on everyone who earns between $1 Million and $2 Million dollars per year. Proponents argue that current student loan interest rates are nearly double normal interest rates and should be lowered to provide relief for millions of low-income borrowers. Opponents argue that the borrowers agreed to pay the interest rates when they took out the loans and taxing the rich would hurt the economy.

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Answer Overview

Response rates from 3.4k 32825 voters.

62%
Yes
38%
No
56%
Yes
31%
No
5%
Yes, and increase government funding so every student receives a free college education
6%
No, but we should still reduce interest rates for student loans
2%
No, and transition all current government student loans into privately managed accounts

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Other Popular Answers

Unique answers from 32825 voters whose views went beyond the provided options.

 @8Z6PT3P from Kentucky  answered…3yrs3Y

No, and we should reduce taxes for everyone regardless of how rich or wealthy they are in order to reduce interest rates for student loans too.

 @5BCWQY6from Arizona  answered…4yrs4Y

No punishing sucess reduces motivation to strive for sucess.

 @93YZMSK from Georgia  answered…3yrs3Y

No, but we should abolish interest rates for student loans.

 @959K74L from North Carolina  answered…3yrs3Y

No, but abolish interest rates for student loans.

 @9FF68QY from North Carolina  answered…2yrs2Y

No because even though they are rich they worked hard for their money and it wouldn't be fair for us to treat them differently just because they are more wealthy

 @9D7MTVS from California  answered…2yrs2Y

Lowering the student Loans can be good for some people, but there's little chance that you will get into college.

 @5B4HCFBfrom Ohio  answered…4yrs4Y

Only for certain majors.

 @8YQLNK2 from Kentucky  answered…3yrs3Y

No, and we should reduce taxes for everyone regardless of how rich or wealthy they are to help reduce interest rates for student loans.

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 @ISIDEWITH submitted…5mos5MO

Ukraine Unveils Secret Arsenal to Force Russia's Hand

President Volodymyr Zelenskiy unveiled his much anticipated "Victory Plan" at Ukraine's parliament on Wednesday, urging his war-weary country to stay united at a precarious time ahead of its key U.S. ally's Nov. 5 presidential election.As Russian troops advance in the east and a bleak winter of power shortages looms, he told lawmakers his plan contained five main points that relied on Kyiv's allies, including an unconditional invite to join NATO and specific weapons support."Together with our partners, we must change the circumstances so that the war ends. Regardless of what Putin wants. We must all change the circumstances so that Russia is forced to peace," he told lawmakers and top officials.His third point emphasised the need for Ukraine to acquire a non-nuclear deterrence capacity that he said would be enough to destroy Russian military power. He did not elaborate, but said there was an additional secret addendum that he could not disclose.The plan, he said, also envisaged a Western role defending Ukraine's natural mineral resources from Russian attacks as well as post-war reconstruction pledges.The speech was attended by his top military, intelligence and political brass as well as lawmakers, some of whom occasionally stood up to applaud.Ukraine faces both difficulties and uncertainty ahead of the U.S. election that could return Donald Trump to the White House.The Republican former president has pledged to rapidly end the war before entering office if he wins, an idea that Kyiv's supporters fear would involve big concessions in the name of a quick deal.Zelenskiy met U.S. President Joe Biden, his key ally, in Washington at the end of the September to present the plan. In a subsequent whirlwind tour of Europe, he met the leaders of Britain, France, Italy and Germany to discuss it.Zelenskiy said he would travel to summit of European Union leaders in Brussels on Thursday to present his plan.

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