Warnock Boasts About Leading Charge to Cancel Student Debt: ‘This Is Only a First Step’

Warnock Boasts About Leading Charge to Cancel Student Debt: ‘This Is Only a First Step’

August 26, 2022

In a statement from his office on Wednesday, Sen. Raphael Warnock (D-GA) celebrated President Biden’s student debt cancellation for millions of Americans, claiming it “will help many Georgians, some of whom have been struggling with debt for decades, get their financial footing, and it will help keep our economy strong and growing.”

“That’s why I’ve been pushing the Biden Administration since my swearing in to take aggressive action to provide relief to Georgians.”

In April, Warnock joined other far-left Democrats in calling for “swift executive action on meaningful student debt cancellation,” which they claimed would “help narrow the racial wealth gap” and “boost our economic recovery.”

“This is only a first step for the countless Georgia borrowers who will still be burdened by crushing debt tomorrow, and the day after that. So I’m going to keep fighting for additional student relief for all Georgians left struggling with student debt and to prevent future borrowers from carrying that same burden,” Warnock said.

Warnock’s Republican challenger for the Senate seat, popular ex-football player Herschel Walker, issued a statement Wednesday after Biden’s announcement about the loans, citing the National Tax Union’s analysis that average American taxpayers would foot the bill created by Biden’s plan and ultimately bear an additional estimated tax burden of about $2,000 on average.

“What does this plan for student loans do for folks who worked to get through college? For ones who already paid off their loans? What about the family that used their life savings to send their kid to college?” Walker asked. “We should absolutely work to make college more affordable but Warnock’s plan does nothing to do that. Instead, he wants to raise taxes on hard-working Georgians and push inflation even higher than he already has.”

© Copyright 2024, DiscoverTheNetworks.org