President Trump Wipes Federal Student Debts for Wounded Veterans
Trump signs executive order forgiving 'every penny' of college loan debt for disabled vets
President Donald Trump has signed an executive order to wipe "every penny" of federal student debt for wounded veterans.
Under the order signed Wednesday by President Trump, all federal loan debt owed by permanently and completely disabled veterans will be forgiven.
The move will benefit up to 50,000 American heroes.
The president described the order as recognition of "a supreme debt of gratitude" and asserts federal income tax will not apply to the write-off.
By signing the order, Trump says it will direct the Department of Education to "eliminate every penny of federal student loan debt" owed by wounded American veterans.
"There will be no federal income tax on the forgiven debts," Trump said, saying he is also asking states to waive their taxes on the loans.
America, he said, owes its heroes "gratitude" for their sacrifices.
According to the Daily Mail, the administration says just half of the roughly 50,000 disabled veterans who are qualified to have their federal student loan debt forgiven have received the benefit because of a burdensome application process.
Trump issued the order during his address at the AMVETS convention in Louisville and signed it afterward.
The document directs the government to develop an "expedited" process so veterans can have their federal student loan debt discharged "with minimal burdens."
Trump was visiting Kentucky to speak to more than 2,500 veterans at the nonpartisan service organization, also known as American Veterans.
#reminder - President Donald Trump signed a landmark new bill to introduce legislation that will clean millions of tons of sea-borne garbage from the world's oceans.— Neon Nettle (@NeonNettle) February 13, 2019
READ MORE: https://t.co/qOYAG0UVd1#GreenNewDeal #enviroment
According to Breitbart, Trump also touted his administration’s accomplishments for America’s military veterans.
“After years of neglect, we are fixing the heartbreaking failures from the last Administration at the Department of Veterans Affairs,” he said.
“America must never abandon our heroes in their hour of need.”
He said that wait times in Veterans Affairs hospitals had been slashed by 33 percent, and touted more VA accountability, allowing bad employees to get fired.
“Now when somebody mistreats you or mistreats people in the VA, we know what happens right?” he asked.
“It’s called ‘You’re fired!'”
Veterans in the audience applauded and cheered after Trump said that over 7,600 faulty veterans affairs employees were fired from the system
“They’re gone, they’re fired,” Trump said.
Veterans also cheered Trump’s announcement that he had cut the number of opioid drugs being prescribed by Veterans Affairs hospitals.
“Get a pain killer that’s not addictive,” Trump said.
“And we’re closer than you think.”
Trump also spoke about preventing veteran suicides, suggesting that the government work to obtain a new nasal spray dose of fast-acting anti-depressant medicine to people experiencing suicidal thoughts.
The drug, Spravato, produced by Johnson and Johnson, was recently approved by the federal government.
“They’ve done so well in this country and they’ve made so much money, I think they should give it to us for free,” Trump said, referring to the pharmaceutical company.