Schaumburg, IL – President Biden’s student loan plan will make inflation worse and tax families in the midst of a recession, taking billions of dollars from poor and working families to pay the debts of a privileged minority make twice the national median income.

The Committee for a Responsible Federal Budget found that “debt cancellation would boost near-term inflation far more than the IRA will lower it,” highlighting the hypocrisy Washington Democrats like Joe Biden and Raja Krishnamoorthi have come to be known for.

Chris Dargis released the following statement: 
“The vast majority of Americans have either chosen not to attend college or, like me and my family, have responsibly paid our own college debts through military service or personal responsibility and sacrifice. Taking billions of dollars from hard-working Americans already struggling in Joe Biden’s recession to pay the debts of a privileged minority is un-American and a disgrace. This is yet another example of the change we need from this out of touch administration and its allies like Raja Krishnamoorthi in Congress.”