Bernie Sanders says Wall Street tax would fund his plan to forgive $1.6 trillion in student loan debt

Credit: Wikimedia Commons

One of the 2020 Democratic presidential hopefuls bringing specific proposals to this week’s debates is U.S. Sen. Bernie Sanders.

In a tweet on Monday, he referenced a bill that would wipe out $1.6 trillion in debt for about 45 million Americans with college student loans.

He wants to levy a tax on an array of financial transactions and trades to bring in the money needed for his proposal.

“During the financial crisis, Wall Street received the largest taxpayer bailout in American history,” Sanders tweeted. “Now it is Wall Street’s turn to help rebuild the disappearing middle class,” Sanders tweeted on Monday.”

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Chris Agee is an American journalist with more than 15 years of experience in a variety of newsrooms. After a wide-ranging career in print and broadcast media, he served as managing editor of Western Journalism from 2013 to 2017. During that period, the news outlet became one of the 100 most visited websites in the world. In 2018, he founded Informed Media Group with the goal of providing "information without an agenda." In addition to creating stellar content for third-party publishers, IMG currently operates two of its own properties, Scope News and The Extract. Chris Agee lives in Phoenix, Arizona, with his wife and son.