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Sanders to propose the elimination of all $1.6 T of student debt in the U.S.: report

Democratic presidential candidate sen. Bernie Sanders, I-Vt., Pauses while speaking during a forum on Friday, 21. June 2019, in Miami. (AP Photo/Brynn Anderson)

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To announce Bernie Sanders, is set to 2020, hopeful, on Monday a proposal that would have all the $to eliminate 1.6 trillion of U.S. student debt, according to a report.

The democratic presidential candidate is the new proposal calls on the Federal government, instead of cleaning the debt of the students who reported 45 million Americans, including all private and graduate school debt, The Washington Post. The proposal package also includes public universities, community colleges, and vocational schools tuition fees.

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Sanders allegedly pay plans for the sublime proposal of a tax on Wall Street, says his campaign, generated more than $2 trillion in 10 years. The tax would focus on financial transactions, according to the report, such as a 0.5 percent tax on stock exchange transactions and a 0.1% tax on bonds.

Sanders on Monday, Rep. Ilhan Omar to join, which will introduce legislation to eliminate in the house, the student debt in the United States. You will Rep. Pramila Jayapal, co-chair of the Congressional Progressive Caucus

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“This is really a revolutionary proposal,” said Sanders said in a statement, according to the Post. “In a generation hit hard by the Wall Street crash of 2008, it will forgive all student debt and the absurdity of the sentencing ends a whole generation to a life in debt for the ‘crime’ of getting a college education.”

To cancel Sen. Elizabeth Warren, another of 2020 hopeful, in April announced a plan existing student loan debt for millions of Americans. Under Warren’s plan, each person, the student debt relief of $50,000 would, if household income up to $100,000. Higher income would also be entitled to the massive debt reductions, while only those households with an income of over $250,000 would get no student debt reduction.

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“For example, a person with a household income of $130,000 of the $40,000, the repeal [of student debt] gets, while a person with a household income of $160,000 gets $30,000 in cancellation,” Warren in a blog post at the time.

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