GOP disruptor counters Biden's student loan bailouts with plan to shift costs away from taxpayers
EXCLUSIVE: Michael Carbonara, a Republican running in the Sunshine State as a political disruptor to unseat long-time Democratic incumbent Rep. Debbie Wasserman Schultz, is pitching an idea to reduce the...
By Fox News · Fox News
EXCLUSIVE: Michael Carbonara, a Republican running in the Sunshine State as a political disruptor to unseat long-time Democratic incumbent Rep. Debbie Wasserman Schultz, is pitching an idea to reduce the crippling student loan debt crisis facing the country without shifting the burden to taxpayers. In an interview with Fox News Digital, Carbonara lamented that as America marks its 250th anniversary , "the idea of the American dream has been slipping away" for many young Americans. He criticized Democrats for promoting affordability while proposing solutions that amount to increased taxes. "This is the first time where the next generation actually has less opportunity and less freedom than their parents in America's 250-year history," he said. "Rather than just tax and tax and tax, which people are tired of, I want to put more money back into the pocket of every American, so life is affordable." FOREIGNERS ARE SNAPPING UP US HOMES AND STEALING THE AMERICAN DREAM OUT FROM UNDER FAMILIES Instead of shifting responsibility to taxpayers, Carbonara blames government subsidies as the "root cause" of rising college costs. A fintech mogul and business leader who also hosts a podcast, he said government subsidies allowed schools to raise prices, making college unaffordable. "There's no reason that students need to pay $50,000 a year for an education and wind up with a lifetime of debt that they have to chase every year to pay off," he said, noting, "That’s not what we want. We want people to be able to go to school, get married, have a good-paying job so they can afford to have a family." Carbonara said this is one of the top issues voters voice to him on the campaign trail. "I don't just hear from young Americans, I hear from everyone," he explained. "The average age of first-time home ownership is now over 40 years old, when 20, 30 years ago, it was below 30 years old," he went on. "Let's face it, nobody wants to get married to have kids when you live in a 700 square foot…