Proposed #CollegeForAll Plan Would Tax Wall Street to Destroy Student Debt Crisis

Posted by on April 4, 2017 in Government, Policies with 0 Comments
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“It’s ridiculous that we’re profiting off of student loans.” (Image: Rep. Pramila Jayapal)

By Andrea Germanos | Common Dreams

In a progressive push-back to the Trump administration’s right-wing agenda—and amid rising inequality—Rep. Pramila Jayapal (D-Wash.) and Sen. Bernie Sanders (I-Vt.) on Monday unveiled their legislative plan for tuition-free public colleges to lift the burden of “crushing debt.”

In a Facebook post, Jayapal said the College for All legislation was necessary “to give our young people a future, reduce wealth inequality, and grow our economy.”


At an afternoon press conference introducing their proposal—which is also backed by Sen. Elizabeth Warren (D-Mass.), Rep. Keith Ellison (D-Minn.), Rep. Rick Nolan (D-Minn.)—Jayapal said, “This bill is not rocket science,” and reiterated Warren’s comment that “it’s ridiculous that we’re profiting off of student loans.”

“I like to say that this bill creates a new normal. There’s nothing normal about graduating with massive student debt,” she added.

Funded by the so-called Robin Hood Tax, the legislation would make community college free for all students, and would make public colleges and universities free for students of families who make up to $125,000 a year. It is similar to legislation unveiled by Sanders and New York Gov. Andrew Cuomo in that state earlier this year.

Watch the press conference below:

In a series of tweets Jayapal, Sanders, and College for All supporters outlined how the legislation would work and why it’s so necessary:

See these and more tweets from Twitter users using the hashtag #CollegeForAll:


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