Kamala’s unconstitutional, unilateral student loan debt bailout is a taxpayer-funded giveaway to her wealthiest supporters.

 

The Harris-Biden administration has routinely defied the Supreme Court by unilaterally canceling hundreds of billions of dollars in student loan debt — paid for by taxpayers, whether they like it or not.

• Eliminating student loan debt is a “regressive policy that mostly benefits high-income households,” according to a former Obama economist, as approximately two-thirds of all student debt is owed by the top 40 percent of households.
  
  
• Harris-Biden’s bailout has created “additional inflationary pressure[s] over time,” even as Biden’s prolonged inflation crisis continues to roil Americans’ financial wellbeing.
  
  
• Harris-Biden’s student loan debt bailout has contributed to a 27% jump in the projected federal budget deficit, according to the nonpartisan Congressional Budget Office.
  
  
• Bailing out student loan debt could actually increase the cost of college and penalize Americans who responsibly paid their debt.

Kamala Harris is lining the pockets of elite Democrats — at the expense of working class Americans.

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