Here's who will pay for Biden's student loan cancellations

Contributing sentiments towards policy:

53% : But if Congress tried to pass a $400 billion package of benefit enhancements or tax breaks, there would be a huge fight and pronouncements from one side or the other that it's completely unaffordable.
50% : But student debt cancellation of the magnitude Biden is pushing now would essentially wipe out those savings.
50% : Even when Biden's Democrats controlled both houses of Congress during his first two years in office, there wasn't a serious effort to pass legislation canceling student debt.
50% : Republicans will never get behind the idea, and even many Democrats acknowledge there are better uses of taxpayer dollars than student debt relief.
49% : Still, Biden pledged he would give student debt cancellation a shot when he was campaigning in 2020, and now that he's running for reelection, he needs something to show for it.
47% : President Biden is trying again to cancel student loan debt for up to 25 million borrowers after the Supreme Court killed his first effort to do so last year.
47% : There's an important reason Biden is trying to cut student debt by regulatory and executive action: Congress won't do it through legislation.
47% : In an analysis of Biden's first debt-relief program, the Committee for a Responsible Federal Budget estimated that after a one-time cancellation of about $500 billion of debt, the total amount of outstanding student debt would return to the prior level of $1.6 trillion within five years.
35% : They're hoping that if Donald Trump wins the presidency, he'll cut business taxes and extend individual tax cuts that expire at the end of 2025 and mostly benefit the wealthy.

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