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The Buffett Rule's threat to Sen. Warren's student loan refi bill
The Buffett Rule's threat to Sen. Warren's student loan refi bill

If you had an idea that you wanted to push through Congress, would you hitch it to a controversial tax proposal that had no chance of becoming law? Sen. Elizabeth Warren (D-Mass.) wants the federal government to make it easier for people with student loan debt to refinance into lower-interest federal loans. The problem for Warren is that, as the Congressional Budget Office observed, the lower interest rates of refinanced federal loans mean that "the federal government would receive less interest income over the life of the new loans, which would make those loans and loan guarantees more costly" to the Treasury. By the CBO's estimate, S 2292 (an earlier version of...

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