LAS VEGAS, NV – Today, Nevada U.S. Senate candidate Adam Laxalt released the following statement slamming President Biden’s $300 billion student debt bailout.
“The Biden/Masto $300 billion student debt bailout is unconstitutional, immoral, and fundamentally bad policy. It will line the pockets of the wealthiest Americans and fuel the flames of inflation, layering further pain on the back of Nevada families already struggling to get by.
“According to the Penn Wharton Budget Model, the Biden/Masto redistribution scheme will cost taxpayers more than $300 billion, and will further drive up Nevada's already alarming 15.4 percent inflation rate.
“Instead of providing much needed relief, Biden and his enablers like Senator Cortez Masto are doubling down, forcing Nevada workers and families to foot a massive student debt bailout, worsening the inflation crisis. Voters will hold her accountable this fall.”s of Americans who couldn’t afford or decided not to attend college. That they are now being forced to pay off the student debt of the largely well-off is wrong and fundamentally un-American.
“For the past year, Nevadans have borne the brunt of the failed Biden-Cortez Masto agenda. Families across our state are struggling to get by amid 40-year-high inflation, record gas prices, and shortages of baby formula and other key essentials.
“Instead of providing much needed relief, Biden and his enablers like Senator Cortez Masto are doubling down, forcing Nevada workers and families to foot a massive student debt bailout, worsening the inflation crisis. Voters will hold her accountable this fall.”