Bernie Sanders press conference live stream: plans to erase student debt by taxing Wall Street

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  • Published on:  Monday, June 24, 2019
  • Senator Bernie Sanders said he has a plan to wipe out the $1.6 trillion in student debt owed by more than 40 million Americans: tax Wall Street transactions such as stock and bond trades. For further details: https://www.cbsnews.com/news/bernie-s...The proposal is the latest from a Democratic presidential candidate that aims to tackle the growing problem of student debt, which has been blamed for blunting the economic prospects of million of Americans. Sen. Elizabeth Warren, Sanders' rival for the 2020 Democratic presidential nomination, in April issued a plan to forgive student debt for college grads by adding an annual 2 percent tax on wealth above $50 million and a 1 percent tax on wealth more than $1 billion.--Subscribe to the CBS News Channel HERE: http://youtube.com/cbsnewsWatch CBSN live HERE: http://cbsn.ws/1PlLpZ7Follow CBS News on Instagram HERE: https://www.instagram.com/cbsnews/Like CBS News on Facebook HERE: http://facebook.com/cbsnewsFollow CBS News on Twitter HERE: http://twitter.com/cbsnewsGet the latest news and best in original reporting from CBS News delivered to your inbox. Subscribe to newsletters HERE: http://cbsn.ws/1RqHw7TGet your news on the go! Download CBS News mobile apps HERE: http://cbsn.ws/1Xb1WC8Get new episodes of shows you love across devices the next day, stream CBSN and local news live, and watch full seasons of CBS fan favorites like Star Trek Discovery anytime, anywhere with CBS All Access. Try it free! http://bit.ly/1OQA29B---CBSN is the first digital streaming news network that will allow Internet-connected consumers to watch live, anchored news coverage on their connected TV and other devices. At launch, the network is available 24/7 and makes all of the resources of CBS News available directly on digital platforms with live, anchored coverage 15 hours each weekday. CBSN. Always On.
  • Source: https://youtu.be/Dxd8NW_yeUU
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Comment

  • vote for no. 6

     24 days ago

    "Let's go to war with Iran""How you gunner pay for dat??"asked NO ONE on television.

  • Warren Lauzon

     22 days ago

    @TIMEPPF Yeah, that will happen right after we get invaded by San Marino.

  • Ralph Boyd

     23 days ago

    @TIMEPPF Iran doesn't have the ability to the US

  • R A

     24 days ago

    Its funny to hear who's gonna pay for this? Yet we (taxpayers) have to pay for things that dont help our country. Seems ppl bring up cost when it comes to our country and our ppl but it seems okay for us to pay for another war.

  • mranonomousperson

     23 days ago

    @Ragequitlife Nobody except Pompeo and John Bolton.

  • mranonomousperson

     23 days ago

    Yeah Face The Nation litterally say "but it's just a limited strike!" about attacking Iran when we've literally spent 6 trillion on wars in the middle east since 9/11. But I can't remember a single time when someone in the corporate media asked that question about war or defense spending.

  • Cosmo Tagliafierro

     24 days ago

    The majority of tax revenue comes from working class Americans - so the tax revenue should be used for the benefit of the working class !!!

  • Cosmo Tagliafierro

     17 days ago

    @Keving Gonzalez Well, at least you were right about one thing - Dreaming IS free !!

  • Keving Gonzalez

     18 days ago

    @Cosmo Tagliafierro I could have made that call 3 years ago. He isn't beating creepy uncle Joe but dreaming is free I guess.

  • Brian Murphy

     24 days ago

    talking heads are PAID to miss the point; horserace endless media-driven horserace. The 'reason' Bernie proposed this is all the reasons he stated - policy, not politics. Bernie 2020.

  • Midnite Rider

     23 days ago

    @Viki Carolan YES ! Let's all get berned AGAIN ! ! ! !

  • Viki Carolan

     24 days ago

    Yes! Bernie2020!!

  • Alysbar

     24 days ago

    Even if it's not 100% free student debt, we need to make it so a college education does not put people into a state of perpetual loan repayments.

  • Cosmo Tagliafierro

     21 days ago

    @Cerebral Caustic Median student loan debt is one statistic ( and I'd like to know where you got that number?) but there are other statistics out there.Current Total Student Loan Debt*$1,615,872,833,875 (and counting)Total # of Students45,000,000 (and counting)Ave. Debt per Student (at a point in time)$35,908 ( and counting)I don't know what you believe, but this is how Capitalism is supposed to work.1) Capitalism is based on consumption2) Consumers can only consume when they have...

  • Alysbar

     21 days ago

    @Cerebral Caustic I appreciate you input and that you had a civil reply to my comment. Question. Is that per year? What are the interest rates that is attached to those loans?

  • Timothy Powell

     24 days ago

    Many people think student debt is just an issue for young people. It’s not!- 40,000 older borrowers had Social Security garnished in 2015 due to student loans - 37% of US residents > 65 are in default on their student loans

  • Midnite Rider

     23 days ago

    Timothy PowellYou can't feel sorry for folks old enough to know better, maybe some of the younger people didn't know how it works, BUT they got the best life lesson ever - - they BOUGHT SOME EXPERIENCE ! ! !

  • Aubrey

     24 days ago

    EXACTLY!! I am 51 and my debt just keeps going UP even though I pay ON TIME EVERY MONTH! I am on the IBR program and my debt went up from $86K - $90 over the last few years!! I have no idea how this happens!!

  • Chris

     24 days ago

    Wall Street will pay for this Since the Wall Street Companies took away Majority of Benefits!!!!! Like pensions etc.

  • harrison wintergreen

     22 days ago

    pensions went away because the Teamsters union used their pension fund to loan money to the Mafia at below-market rates which triggered a mandatory review of all pension funds which found that they were mostly under-funded.

  • atheist28403

     22 days ago

    @Warren Lauzon A made-up phrase to have a boogeyman to point the finger at.

  • TheFame5000

     24 days ago

    Wall Street was bailed out with TAX PAYER MONEY. IT WAS NOT THEIRS! But they happily took it. It’s our turn to be bailed out.

  • mranonomousperson

     23 days ago

    @Midnite Rider...as opposed to college education which creates no jobs.

  • TheFame5000

     23 days ago

    Midnite Rider The growth under trump is a one trick pony. The lower corporate tax and the tax deductions for some is helping. BUT the tax deductions for normal citizens will expire and the corporations will replace most people with AI. So this growth can’t be sustained. Where as relieving debt from students and overhauling the college system will having a positive impact for a long time to come.

  • And Me

     24 days ago

    Big banks got bailed out by the tax payers yet still took millions of houses from people at that time. They didnt give those people relief with extensions or anything to help them out

  • ROBIN BENNETT

     24 days ago

    Federal taxes don't fund spending our taxes didn't bail out anyone that is why it is even worse that they offered nothing to the retirees that lost retirement funds lost homes lost jobs etc

  • Rodney Williams

     24 days ago

    The banking industry affects all of us...and are necessities in the function of life. Students have CHOSEN to get super-expensive, useless degrees in humanities and liberal arts, that have infiltrated our entire college system, providing no jobs upon graduation. You can live without a useless liberal arts and humanities degree, banks are necessary. And, why dont Democrats require college institutions pay the debt? They are the ones after all who have had control over the distribution of college loans. ...

  • Hashim Siddique

     24 days ago

    Yes! Wall Street can afford it!

  • Cerebral Caustic

     21 days ago

    Wall Street manages 401k plans, genius. They'll pass this tax on to the middle class and cut into your retirement account. But Bernie is a millionaire and gets a taxpayer funded pension so he doesn't care 💰💰💰💰

  • atheist28403

     22 days ago

    And I'm sure you could afford my meals for the next couple of months. So, why aren't you? Am I not entitled to eat?