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Biden’s Budget Proposal Is WITHOUT Student Loan Forgiveness

Biden had supported student loan forgiveness during presidential campaign

Credit: BRENDAN SMIALOWSKI / AFP VIA GETTY IMAGES

From TruthOut.org….

The White House has reportedly removed several key provisions from the administration’s upcoming budget plan, one of which was a student debt forgiveness proposal that progressives say is already several months overdue.

The Washington Post reported on Friday that the White House has also removed several proposals that President Joe Biden had promised to address on the campaign trail, like reducing the cost of prescription drugs and raising the estate tax.

Progressives have been especially frustrated with Biden, however, for having discussed but not followed through on the prospect of forgiving student loans for months. The left began advocating for Biden to cancel student debt weeks before his presidency started — but, despite making some moves indicating he might do so, Biden is now stepping back previous pledges on the matter.

During his presidential campaign, Biden supported canceling up to $10,000 in student loan debt per borrower. After taking office, Biden made a couple of moves earlier in the year signalling that he may go even bigger, with his chief of staff hinting in April that forgiveness of up to $50,000 could be on the table.

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