On Tuesday, Supreme Court Justices will hear challenges to President Biden’s proposed student loan debt handout, including questions about whether the Department of Education was authorized by Congress to advance the rule, Fox Business reports.
From Fox Business:
While approximately 43 million student loan borrowers qualify to partake in the plan, the bipartisan Congressional Budget Office has predicted Biden’s student loan handout would cost taxpayers about $400 billion over the next three years if fully implemented.
And, not surprisingly, many Americans don’t want to foot the bill.
“I’m currently not a fan because that’s just going to make everyone else’s taxes higher, because someone’s going to have to pay for it,” one young person told FOX Business’ Lydia Hu in a man-on-the-street-style “Varney & Co.” segment.
Pennsylvania iron workers blasted Biden’s loan forgiveness, saying ultimately someone will have to pay.
“A lot of those families are rich and they have the money to pay it off. So they get a break and they can sit on their couch with their kids who have some kind of degree they can’t even use,” iron worker Francisco Hernández says. “The rich aren’t going to pay for this —we are. That goes on the back of our debt.”
Watch the clip above.