Letters: Reducing student loans

May 18, 2014 

The party of "no," previously known as GOP, stands for: "No new taxes" but only for the rich. They don't mind when poor are taxed, like when sales taxes are increased.

One issue has recently been brought up in Senate which is relevant to the middle class in general and students in particular and pertinent to the 2014 mid-term election: to allow students to refinance their loans, and how to pay for it?

Sen. Elizabeth Warren in a television interview, said she is leaving it to the voters. Because the Senate and Congress GOP leadership want the loss to the government from reducing the interest rates on students to be offset with money elsewhere, to prevent increase in deficit.

The Democratic proposal is to either finance it via plugging the tax loopholes of the super rich -- namely corporations in Fortune 500 list, some of whom pay no taxes. Or raise a tiny amount of tax on those earning more than $1 million. Or plugging a few loopholes on subsidies for the rich would be OK.

Let the GOP decide what their priorities are. And let people vote to decide what they want. The perennial rant of "no new taxes" or students getting an interest break on their student loans?

SANDIP K. DASVERMA, Richland

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