The first major contender of 2020 Presidential elections, Senator Elizabeth Warren of Massachusetts has been leading her campaign in quite an impressive manner, so far. Amongst her several proposed policy ideas, another ground-breaking plan was put forward on Monday, aiming at the education sector this time.
The Democratic candidate proposed a comprehensive plan, which aims at reshaping the higher education system in the country. Worth $1.25 trillion; it aims at canceling majority of student loan debt, as well as eliminating undergraduate tuition at every public college and university.
In an interview, Warren stated that this domain touches the lives of several people. “This is a chance to talk about what’s broken and how we fix it. This is the American dream,” she said.
The massive initiative has various planks, where the plan would be funded from the revenue that would be generated from Warren’s earlier proposed increase in taxes for the wealthiest American families and corporations. The campaign has estimated that it would be nearly $2.75 trillion over a decade.
As per the reports, up to $50,000 in student load debt would be eliminated for every person with a household income of less than $100,000. Besides, a portion of their liability for debtors making between $100,000 and $250,000 would be remitted.
In addition, federal grants would also be expanded to support students with non-tuition expenses and a $50 billion fund would be created to assist historically black colleges and universities, under the plan.
In a medium post, Elizabeth Warren wrote, “The enormous student debt burden weighing down our economy isn’t the result of laziness or irresponsibility. It’s the result of a government that has consistently put the interests of the wealthy and well-connected over the interests of working families.”
As the proposal is substantial, it was quick to get both supporters and critics. Randi Weingarten, president of the American Federation of Teachers, the powerful union whose endorsement is often essential for Democrats, said that the Warren’s policy would enhance the financial futures of a debt-burdened young American generation, and that it would reduce the wealth gap between the racial minorities and white people.
On the other hand, certain Democratic candidates to run for the president – Senator Amy Klobuchar of Minnesota and Mayor Pete Buttigieg of South Bend, Indiana – dismissed the idea. Besides, the proposal was also criticized by the education experts from conservative and libertarian think tanks.
Democratic candidate Elizabeth Warren has been proposing a number of progressive plans, since she announced her bid for presidency on the New Year’s Eve. Her various initiatives, along with the Ultra-Millionaire Tax, include– expanding federal government’s role in controlling unfettered capitalism, affordable housing, universal child care, elimination of the Electoral College, protecting public lands, reversing consolidation in the agriculture sector, and separate proposals to break up technological giants like Facebook and Amazon.
As of now, Elizabeth Warren is the candidate who has been implementing a strategy that is different from the past presidential campaigns, where she has focused on holding events, answering questions, engaging with the media, and presenting substance on the policies. Besides, her campaign size has also reportedly grown double to the size of her Democratic rivals.
With a series of disruptive plans that Warren has been proposing lately, she is likely to give a tough fight to her opponents in the upcoming elections. Besides, the education card that she has just thrown is certainly another significant hurdle that the rest of the candidates would have to trounce.
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