Democratic presidential candidate Sen. Bernie Sanders (I-Vt.) is set to unveil on Monday legislation to eliminate all $1.6 trillion of student debt held in the U.S. and pay for it by raising taxes on Wall Street, the Washington Post first reported.
"This is truly a revolutionary proposal: all Americans will get the college education or job training they need, while having all student debt forgiven. We bailed out Wall Street in 2008. It’s time to tax Wall Street’s greed to help the American people."— Sanders statement on Twitter