Far-right billionaires and corporations are funding the lawsuits challenging President Biden's student debt relief plan, according to the Debt Collective.
On this edition of Your Call, we discuss the big donors funding the lawsuits challenging President Biden's plan to eliminate up to $20,000 in student debt.
One case was brought by an extreme right-wing donor network named the “Job Creators Network,” according to the Debt Collective. Former Home Depot CEO Bernie Marcus, who is worth $8.8 billion, organized the JCN in 2010. He gave the group $3.9 million over the past decade. Other donors include the Federalist Society, the Mercer family, the Koch network, the US Chamber of Commerce, the Retail Industry Leaders Association, and the National Restaurant Association. The Cato Institute has its own lawsuit against student debt relief.
Why do these billionaires and groups oppose student debt relief?