Trump Admin Rejects Student Loans, Funds Corporate Tax Cuts
While 300,000 Americans were denied student loan repayment relief, the Trump administration simultaneously pushed through the 2017 Tax Cuts and Jobs Act, slashing corporate tax rates from 35% to 21%. This move, estimated to add trillions to the national debt over ten years, largely benefited corporations and the wealthy, according to a Congressional Budget Office report from 2018. One might wonder
about the administration's fiscal priorities: ease the burden on students, or line the pockets of corporate benefactors? Critics argue this redirection of resources from public welfare to corporate coffers isn't just an oversight; it's a deliberate policy choice. The same government that claims too little money for student debt relief found billions for tax breaks for the most profitable entities.
It appears America's youth are expected to foot the bill while the rich get richer. Funny how that works, isn't it?