House Budget Committee Chairman Arrington: Penn Wharton Sounds the Alarm on Biden's Student Loan Bailout Scheme
April 12, 2024
April 12, 2024
WASHINGTON, April 12 (TNSres) -- Rep. Jodey Arrington, R-Texas, chairman of the House Budget Committee, issued the following news release:
Today, the Penn Wharton Budget Model (PWBM) released an analysis of President Biden's latest student loan cancellation scheme, which was unveiled earlier this week.
PWBM's report reveals this plan is projected to cost taxpayers $84 billion and would disproportionately affect high-income earners. Roughly "750,000 households maki . . .
Today, the Penn Wharton Budget Model (PWBM) released an analysis of President Biden's latest student loan cancellation scheme, which was unveiled earlier this week.
PWBM's report reveals this plan is projected to cost taxpayers $84 billion and would disproportionately affect high-income earners. Roughly "750,000 households maki . . .