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On student-debt cancellation, AOC slams the 'ridiculous assertion' it would benefit the rich: 'Do we really think that a billionaire's child is taking student loans?'

1 month ago   |   By Business Insider

US Representative Alexandria Ocasio-Cortez. SAUL LOEB/AFP via Getty Images
AOC pushed back against the argument that student-debt cancellation would benefit the rich.
Experts are split on whether student-debt cancellation would be regressive or progressive.
But many Democrats believe it would help low-income borrowers and want Biden to cancel student loans broadly.
A core argument some make against student-debt cancellation is that it would benefit the wealthy. AOC just shut that argument down. "I'm greatly looking forward to the Biden administration canceling student debt and no longer...
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