Republican lawmaker: Plan to #CancelStudentDebt 'is immoral'

Republican lawmaker: Plan to #CancelStudentDebt 'is immoral'
© Greg Nash

Rep. Dan CrenshawDaniel CrenshawGOP seeks Biden referendum over vaccine mandates The Memo: Biden comes out punching on COVID-19 The Hill's 12:30 Report - Presented by AT&T - Texas's near abortion ban takes effect MORE (R-Texas) called a proposed plan by Democrats to cancel student debt is "immoral" Tuesday and said it places a burden on taxpayers who did not attend college. 

"When you say #cancelstudentdebt, you're saying a minority of people who had the advantage of obtaining a degree should have their debt paid off by hardworking taxpayers, 2/3 of whom don't have degrees themselves, or already paid their own student debt off," Crenshaw said. "This is immoral."

Crenshaw's comments came a day after Sen. Bernie SandersBernie SandersDon't let partisan politics impede Texas' economic recovery The Hill's Morning Report - Presented by Alibaba - Democrats argue price before policy amid scramble Overnight Energy & Environment — Presented by the League of Conservation Voters — EPA finalizing rule cutting HFCs MORE (I-Vt.), a top-tier 2020 presidential candidate, rolled out legislation to cancel $1.6 trillion in outstanding student debt for 45 million borrowers. 

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The legislation is co-sponsored by Reps. Ilhan OmarIlhan OmarHolding back on defensive systems for Israel could have dangerous consequences The Memo: Biden's immigration problems reach crescendo in Del Rio Pentagon 'aware' of reports Wisconsin military base's struggle to feed, heat Afghan refugees MORE (D-Minn.) and Pramila JayapalPramila JayapalOn The Money — House pushes toward infrastructure vote Biden's baffling decisions leave allies wondering where they stand Pelosi: Bipartisan infrastructure vote will happen Monday MORE (D-Wash.). Rep. Alexandria Ocasio-CortezAlexandria Ocasio-CortezDon't let partisan politics impede Texas' economic recovery Ocasio-Cortez explains 'present' vote on Iron Dome Dingell fundraises off Greene altercation on Capitol steps MORE (D-N.Y.) also backs the bill and spoke in favor of it at a press conference Monday. 

Sanders said the plan would be entirely funded by a Wall Street tax. 

"During the financial crisis, Wall Street received the largest taxpayer bailout in American history. Now it is Wall Street’s turn to help rebuild the disappearing middle class," Sanders tweeted Monday. 

The Hill has reached out to Sanders, Omar, Jayapal and Ocasio-Cortez for comment. 

Sen. Elizabeth WarrenElizabeth WarrenTreasury says more rental aid is reaching tenants, preventing evictions 11 senators urge House to pass .5T package before infrastructure bill Senate Democrats seeking information from SPACs, questioning 'misaligned incentives' MORE (D-Mass.), a fellow progressive in the presidential primary, announced legislation to cancel student debt earlier this month. 

Warren's plan would forgive up to $50,000 in student loan debt for anyone with a total household income below $100,000. She's said a wealth tax would pay for the debt forgiveness.