Six on 2020 Election(s): Gaffe-Prone President Attacks Gaffe-Prone Candidate; Pete Buttigieg Charms Crowd At Iowa Truck Stop By Sampling Local Meth; How Trump Is Outspending Every 2020 Democrat on Facebook; Watch Cardi B Interview Bernie Sanders; Eli
panaritisp
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"In 2015, when she found herself on Air Force One with then-president Barack Obama, Sen. Elizabeth Warren seized the chance to pressure the most powerful man in the world about an obscure part of federal tax law.
Warren — along with activists, consumer lawyers, and a group of other Democratic senators — was in the midst of what would become a yearslong fight to get loan forgiveness for tens of thousands of students who had been defrauded by Corinthian Colleges, a collapsed for-profit college chain.
Earlier, Warren and others had helped convince the Education Department to agree to cancel the loans for some of those for-profit college students, opening the door to forgiveness for hundreds of thousands of people. Now, Warren was waging a new battle against Obama’s Treasury Department, which was planning to hit students with steep tax bills on their forgiven loans.
The Treasury was refusing to budge. The agency said it had no choice: The law was the law, and if Warren wanted to stop the students from having to pay taxes, she’d have to convince Congress. Warren had other ideas.
Warren’s policy team had come up with a detailed letter that explained why students should not have to pay taxes on their debts, and how, exactly, the Treasury Department could carry that out. On Air Force One, she went through those points with Obama.
Warren’s goal, according to people familiar with the conversation, was not just to convince Obama that it was possible to do something that his own administration was telling him was impossible. It was to persuade him to spend some of his political capital — which was in short supply as he battled against a Republican Congress — on a group of struggling low-income students who had been defrauded by a now-defunct for-profit college chain.
Implicit in that conversation was a threat: If he didn’t act, Obama could have a public image problem on his hands in the form of a loud, popular senator who had already been raising hell about his Education Department."
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John S. Elfrank-Dana
“If you have come here to help me you are wasting your time, but if you have come because your liberation is bound up with mine, then let us work together.”
― Lilla Watson
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John Elfrank-Dana
Adjunct Lecturer/Field Supervisor
Department of Curriculum & Teaching
Hunter College of the City University of New York
jelfran...@HunterSoe.org
www.Elfrank.net
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