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Reports are swirling about an imminent announcement on student debt cancellation!
Conservatives and powerful corporate interests are trying to goad Biden and the White House away from boldness by launching a barrage of misleading attacks.
They know that bold action by the White House that liberates millions of people from the downward spiral of debt could also unleash millions of new votes for Democrats in 2022 -- while timid action will do less.
We're fighting back by reminding the White House that cancelling student debt represents Democratic UNITY around POPULAR ideas. See our timeline below of how it became so popular -- from Senator Warren introducing the idea to candidate Joe Biden campaigning on it.
You can help. Forward this email to others and click here to RT our Twitter timeline below so voters, reporters, and the White House get the reminder.
TIMELINE -- CANCEL STUDENT DEBT:
April 22, 2019: Elizabeth Warren unveiled her bold plan to cancel student debt during her 2020 presidential campaign.
May 8, 2019: Her plan was received positively by millions of Americans, with Morning Consult reporting on polls showing "Voters Favor Warren’s Student Debt Plan — Including Those Who Never Had Such Loans."
March 14, 2020: Shortly after Sen. Warren withdrew from the race, Joe Biden adopted her popular student loan cancellation policy. Specifically, he promised to cancel "a minimum of $10,000 of student debt per person, as proposed by Senator Warren."
March 19, 2020: Sen. Warren and colleagues unveil a bold plan to cancel student loan payments for the duration of the Coronavirus emergency and provide a minimum $10K payoff for all federal student loan borrowers
September 17, 2020: Senator Chuck Schumer endorsed Sen. Warren’s proposal and actively joined Warren in lobbying the Biden administration to be bold.
March 6, 2021: Senator Warren and Senator Menendez’s Student Loan Tax Relief Act passes, ensuring that millions of borrowers won’t face a surprise tax bill if their loans are cancelled.
April 1, 2021: The White House asked Education Secretary Miguel Cardona for a memo on the legal authority President Biden has to cancel up to $50,000 in student loan debt.
May 3, 2021: The Biden Administration appointed Warren ally and former director of the Consumer Financial Protection Bureau, Richard Cordray, to be the Chief Operating Officer of Federal Student Aid.
April 26, 2022: President Biden signaled that the administration was open to $10,000 of student loan debt cancellation. Those in the meeting said that Biden was “incredibly positive” about canceling student debt.
June 1, 2022: President Biden canceled all remaining loans for 560,000 student loan borrowers who attended Corinthian College between 1995 to when it closed in 2015.
August 10, 2022: It became public that the White House met with student debt activists and advocacy groups, including PCCC’s sister organization P Street, to listen to ideas that they have regarding student loans. White House Press Secretary Karine Jean-Pierre said President Biden will "have something by August 31."
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Thanks for being a bold progressive.
-- The PCCC Team (@BoldProgressive)
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