The Biden administration has announced that the federal government will enact a $10,000 per borrower student loan bailout for those with annual incomes as high as $125,000 (or $250,000 for households). This legally dubious action represents an upward redistribution of wealth from hard-working taxpayers toward the higher-income minority of Americans who have a college degree, all the while doing nothing to solve the ongoing challenge of rising college costs.
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Commentary: Forgotten Again
Neglected by Republicans and Democrats alike, vilified by the culture, and preyed upon by globalization, white working-class voters in 2016 cast their lot with the one candidate in a generation who remembered them, and thus became Donald Trump’s base—a constellation of blue, white, and pink collar laborers. This spark ignited what was supposed to be a revolution in party politics and carried Trump into the White House.
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