prepare to resume federal student loan payments in januar. while he s set to an kel cancel billions of dollars. progressives they are not happy. they say this doesn t go far enough. critics say the move will penalize the responsible american who already paid off their loans by making them now foot the bill for those who haven t paid just yet. there are concerns of the handout will increase inflation and widen the wealth gap. let s look at the numbers. the plan is expected to give the $10,000 handout to those making less than $125,000 a year. that adds up very fast with one estimate putting it at $300 billion over the next ten years and that is on the low end. even still, that amounts to an additional $2000 for every single american taxpayer. karlie, the left says handout to the rich. they complain about tax cuts. make no mistake. this is a handout to the rich. we have the numbers. anywhere from 68% to 70% of loans are going to go to those in the top 60% of the income distri
Pledge, promise, and vow. Three words freighted with probity and trust. But, after anything but an explosive budget, a firecracker blew up in the chancellors face today over the issue of a promise. The question being, why does the government deny breaking a manifesto pledge on National Insurance when the 2015 Election Manifesto clearly said there would be no increase in National Insurance for the five years of an incoming conservative government . Is it ever right to to promise one thing and do another . The chancellor has raised the hackles of the right wing press, Tory Backbenchers of many stripes, and the opposition alike. Theresa may is in brussels tonight where, at a press conference, probably for the first time in her life, she was hoping for questions about brexit, but was pressed on this instead. Im joined by our political editor, nick watt. What did she had to say about National Insurance . She is standing by the fundamental principle of this Budget Change which is that the Se
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