“President Biden’s student loan forgiveness plan is a “wildly unfair redistribution of wealth toward higher-earning people.”
What FactCheck.org found
Penn Wharton Budget Model found that about 74% of the benefit of the debt cancellation measures would accrue to households making $82,400 or less.
Their words, from the summary they publish with the rating.
In short
Mitch McConnell (Senate Minority Leader) made this claim around 24 August 2022. FactCheck.org (United States) looked into it and published its finding on 30 August 2022, 6 days later. Its rating was “We Explain Who Benefits”.
Mitch McConnell has 10 checked claims in this archive. Fact-checking organisations rated 4 of them false or fake, 2 misleading or mixed and 1 true.
Where the claim appeared
Links recorded by FactCheck.org. Some posts may have been deleted since.
This check was done by FactCheck.org, not by DoesItStand. We list it so you can find it. Their full evidence and reasoning are in their article.