Sanders unveils huge US student debt cancellation bill

Liberal US senator and 2020 presidential candidate Bernie Sanders on Monday rolled out a proposal to erase all USD 1.6 trillion in student loan debt, cleaning the slate for 45 million Americans.

"If we could bail out Wall Street, we sure as hell can #CancelStudentDebt," Sanders posted on Twitter shortly before announcing his major legislation in an event at the US Capitol.

The proposal, which is co-sponsored by Democrats Pramila Jayapal and Ilhan Omar in the House of Representatives, would be paid for through a tax on Wall Street, according to the Sanders campaign.

"This is truly a revolutionary proposal," tweeted Sanders, whose calls for tuition-free college and student debt forgiveness gained traction during his 2016 presidential run.

"All Americans will get the college education or job training they need, while having all student debt forgiven."
Sanders said Sunday that his plan would "probably go further than Senator Warren's."