A watchdog group claims President Joe Biden’s newly announced student loan forgiveness scheme stands to benefit a number of Biden appointees who qualify for the debt wipeout scheme that Republicans have panned as “wildly unfair redistribution.”
Taxpayers will absorb up to $10,000 in outstanding student debt for borrowers earning less than $125,000 per year under Biden’s handout.
According to watchdog group Inside Biden’s Basement, at least 223 high-ranking Biden appointees have outstanding loans, in total, of between $12.6 million and $31.2 million, and some make less than the salary threshold and so may qualify for the debt forgiveness.
“There are certain to be winners who are in senior policymaking positions for President Biden. This will amount to a raise for his closest allies and aides, some of whom may have even participated in crafting the policy,” the watchdog said in a statement….