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White House Communications Director Kate Bedingfield failed to defend the fairness of President Biden’s student loan handouts on Wednesday, instead speaking about how “tax legislation has long been unfair.”
On Wednesday, Biden announced plans to cancel $10,000 in federal student loans for some borrowers, up to $125,000 a year for Pell Grant recipients, and up to $20,000. The plan is expected to cost taxpayers around $300 billion.
Although some Democrats and members of the media praised the announcement, Republicans and some progressives criticized and questioned the amount.
While appearing on MSNBC’s “Hailee Jackson Reports” shortly after Biden’s speech, Bedingfield argued on behalf of the President.
Some, like the NAACP, wanted more from constituency administration. Jackson first asked, “What’s your message to people on the end of the spectrum who think it’s just not enough?”
“Well I would say it will do for families across the country. It’s going to be a huge, huge amount of breathing space for people currently on student loans. This keeps them from doing things like buying a home or starting a business. It gives breathing room to the middle class, people who will use it to make their families stronger and more secure. And it gives the middle class a place to breathe. It will contribute to economies of scale. This is good for our competitiveness. So it’s an incredibly important step,” Bedingfield said.
On the other hand, “Why should people who haven’t studied or paid their tuition be billed as taxpayers for those who are in debt?” Jackson asked further.
Bedingfield did not explain how fair the credit distribution was, but defended the plan again and then spoke of “fairness on a large scale” and the tax legislation.
“Well, as you’ve heard the President say, he’ll never apologize for helping working people, helping middle-class people. And it does. It gives these people breathing room for those who have worked hard, who have gone to college, who have massive debt to deal with. College is incredibly expensive. For example, as you heard the President say, a Pell Scholarship doesn’t cost nearly that much anymore. Before many years ago. So it’s about giving these people room to breathe. But, as I said, it’s also good for our competitiveness. It’s good for the overall economy.” He continued.
“I think another important point here, Hallie, also largely concerns fairness. If we talk about fairness, the tax code has long been unfair. It has affected middle-class people and has brought workers to their knees in the largest companies and the wealthiest people. So what President Biden is doing is generally making tax laws fairer and giving working people some money. Do anything to catch your breath. And that’s what today’s announcement is about,” she said.
Biden’s announcement comes after Secretary of Education Miguel Cardona confirmed to Fox News that people who have already paid off their student loans will not benefit from the handover.
Biden’s com executive post: Student loan handout is ‘good for the economy’ about ‘fairness on a grand scale’ first appeared on Fox News.