Canceling $50,000 in student loan debt would also help close the Black-White wealth gap among borrowers by 25 points.

It is clear we need a bold investment in the IRS, which President Biden has called for in his infrastructure plan.

Republicans deliberately targeted the IRS with budget cuts, which depleted its ability to enforce our tax laws.

Chair Wyden has been a champion for more enforcement funding for years.

Rebuilding the IRS is about making sure that we have a playing field that is level and making sure that we have a government that works for everyone.

Our tax system is rigged in favor of wealthy individuals and giant corporations that can use lawyers and accountants and lobbyists to avoid paying their fair share in taxes.

It is shocking and it really drives home how much of a disaster these programs have turned out to be.

The primary beneficiaries of debt cancelation, as Senator Schumer and I have proposed, are not lawyers or doctors with fancy degrees.

A regressive policy like blanket debt forgiveness is not the solution.

In 2016, 29 States investigated Navient for illegally, quote, 'paying call center workers based on how quickly they could get struggling student loan borrowers off the phone.'

Forgiving $50,000 in student loan debt is going to go a long way toward helping us achieve our goals of getting our economy going.