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Sally Kohn, FOX News Contributor, on how President Obama’s plan will pay for keeping student loans low.
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Student loans down.
Fox News contributor and Democrat strategist Sally Kohn is here so if it is the question of the day when it.
Focus and request focusing -- OK and look at.
How will the president pay for keeping college loans -- OK -- told the focus to let them go back to something else and so the -- you gonna do that well.
Well first up.
I love that we're now all agreeing that student loan Christian double because let's point out that in the Republican budget they were gonna let.
Until this became -- I think I think -- the president put this on the table Mitt Romney agreed and the Republicans proposed that my student you've got be looking points in the now -- now passed the house and the senate Democrats both have to separate -- he's ready for the what's the -- -- -- how he can't even our Russian once again one openness to eliminate some loopholes and -- corps that's one.
And the other -- the -- Well to attack to eliminate certain look at -- -- -- -- actual nations are mass movements some of them are small some of the mid size does not -- yeah I think it loopholes that middle class Americans aren't yet.
And well.
Here's the larger markets -- -- actually don't know -- specifics either set asides for -- -- that other kinds of businesses are.
Don't have access to it doesn't -- Humans -- -- say I'm an and they incidentally this.
That is taking out of options it -- wait just a -- -- that would limit at the moment the economy is weakening.
You want to take money out of small businesses and then you say you're the Buffett rule would have paid for this may I point out of the Buffett rule would bring in in one year.
About half.
What it takes to subsidize these lie to keep and I find this really funny was a problem and -- for years of what let's cut you know NPR so that we can you know work on the deficit but you know.
Billions 74 billion dollars in new revenues now let's chump change look.
Have a -- And -- we never thought about the -- and we we are following talk about -- -- and it -- spending we never talk about cutting spending why -- -- -- the end of the -- will be -- -- -- and you know it and know when he's gonna raise money taxes and you but I don't think the government should make it easier for the -- taxes and no I don't think yeah yeah -- and -- do you making it work preceded by adding another tax another line -- On the tax return by.
Quit anyways I don't think they walk alike they put the -- aren't you give -- twenty seconds and you have an uninterrupted thirty seconds to answer you've got that's okay.
How we gonna pay for this subsidizing a student loans answer from you -- gonna take money out of S corporations that -- small business at a time when the economy is clearly weakening you have got to take money out of small business all you gonna use the Buffett rule to pay for this which will bring in.
Half as much money in one yet as is required for this bottom line you I'm gonna have to borrow this money adding -- debt you have thirty seconds.
Okay look we have a disagreement on a so so fine we can disagree -- always disagree but I think reasonable Americans know that sometimes like it or not you do in fact have to spend money to make money and this is about where you're gonna put the pain.
Are you gonna put the pain -- government has expenses -- have to cover are you gonna put the pain.
On students and say you know what it's a really crummy economy you're not gonna have to pay twice as high interest -- in a bad economy re having trouble finding jobs.
Who who suck it up.
Or are we gonna say the millionaires and billionaires who are doing well at this moment who most of the 80% of the gains of this recovery -- onto disproportionately then.
We're gonna say you know what you can afford to pay a little bit more this is America people who do better.
Pay a little bit more so that we can all do well and paying for college investment is the most American thing I can you got ten seconds.
It's you're putting the blame on the rung people why shouldn't yeah.
Like quite want to tax the universities -- charging astronomical tuition.
Well I think people have nothing to do with the fact that students haven't sort of manage debt.
You wanna blame universities.
Need wealthy successful people pick up -- yet exactly I perfect ring anyone know yeah.
Think yeah.
-- -- -- In America the way that we have funded opportunity for generations this by saying that those who have been successful had had.
The opportunity to pay more of it does not having success and -- -- Anyway that's what he's saying right now they're paying less than you and I -- -- don't -- don't.
That is all I don't -- what it does sound like that's gonna look.
-- -- wait a minute you are entitled to your opinion thank you wrote an opinion.
Which are not entitled to make up facts you'll not entitled to do that forget that look at -- caught everybody thanks very much for joining as we do appreciate it always a pleasure is it really.
I look.
