Five years ago, Congress cut the rates on federal student loans in half. That was a good thing to do. But on July 1st — that’s a little over two months from now — that rate cut expires…That’s basically a tax hike for more than 7 million students across America.
Ending a subsidy is “basically” a tax hike, and apparently that’s bad. Whereas an actual tax hike, apparently, is not.
This is a real head-scratcher. Or it would be, if public discourse had not passed beyond parody itself.
Urgh. My next post will be as far from politics and civics as can be imagined.