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Biden comms director: Student loan handout is ‘good for the economy,’ about ‘fairness writ large’

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White House communications director Kate Bedingfield could not defend the fairness of President Biden’s student loan handouts Wednesday and instead pivoted to talking about how “the tax code has long been unfair.”

On Wednesday, Biden announced plans to cancel $10,000 in federal student loans for certain borrowers making under $125,000 a year as well as up to $20,000 for Pell Grant recipients. This plan is set to cost taxpayers approximately $300 billion.

Although some Democrats and media members applauded the announcement, Republicans and some progressives criticized and scrutinized the amount.

Bedingfield argued on behalf of the president while appearing on MSNBC’s “Hallie Jackson Reports” shortly after Biden spoke.

US President Joe Biden announces student loan relief with Education Secretary Miguel Cardona (R) on August 24, 2022 in the Roosevelt Room of the White House in Washington, DC.
(OLIVIER DOULIERY/AFP via Getty Images)

CBS NEWS REPORT: BIDEN STUDENT LOAN HANDOUT WOULD BENEFIT WEALTHY, RAISES QUESTION OF ‘FAIRNESS’

Some constituencies, like the NAACP, wanted more from the administration. Jackson first asked, “What is your message to folks on that end of the spectrum who think this simply isn’t enough?”

“Well, I would say look at what this is going to do for families across the country. This is going to be a massive, massive amount of breathing room for people who are currently under student debt….

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Biden announces student loan relief for borrowers making less than $125,000

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