Donald Trump Jr. said on Wednesday that President Joe Biden’s cancellation of up to $10,000 in student loan debts per person would be rewarding those who display “incompetence.”
“Student debt cancellation is a tax on the most responsible people in the country who either saved, didn’t take on debt for useless majors, or went right to work to subsidize those that did the opposite and couldn’t imagine they wouldn’t be able to pay off loans with their gender studies degree,” Trump Jr. wrote on Truth Social. “What [lesson] does this teach us. We are nurturing incompetence, irresponsible behavior and punishing the opposite.”
Trump Jr. had previously slammed Biden’s debt forgiveness plans, telling the Washington Post in May: “Biden essentially wants blue-collar workers like truck drivers — who didn’t have the luxury of going to college to get drunk for four years — to bail out a bunch of upper-middle-class kids who chose to spend tens of thousands of dollars that they didn’t have on worthless gender study degrees.”
The Biden Administration announced on Wednesday that it would be canceling up to $10,000 in student debt per borrower that earns less than $125,000 per year, or under $250,000 per year if married and filing taxes jointly. Those who took on Pell Grants would receive $10,000 in debt relief, bringing their total to $20,000 in canceled loans.
“Here’s what my administration is gonna do. Provide more breathing room for people so they are less burdened by student debt. And quite frankly, to fix the system itself, which we came in, we both acknowledgment broken,” said Biden on Wednesday.
During the announcement, President Biden acknowledged that some may not be happy with his decisions, saying that there’d be speculation on whether too much or too little had been done.
“I understand that everyone — not everything I’m announcing today is gonna make everybody happy. Something is too much. I find it interesting how some of my Republican friends have voted for those tax cuts and others think that we shouldn’t be helping these folks. Something is too little, but I believe my plan is responsible and fair,” said Biden.
Biden noted that around 90 percent of those that would qualify for the relief make under $75,000 per year.