Bernie Sanders Reveals Plan br to Eliminate Student Debt The 2020 presidential candidate says taxes on Wall Street transactions br will help enact his strategy. Bernie Sanders, via Twitter The Vermont senator goes on to say br that over 10 years, $2.4 trillion can br be generated by a 0.5 tax. Bernie Sanders campaign, via statement The proposal is similar to br another one issued by fellow br 2020 candidate Elizabeth Warren. For her own student debt plan, br Warren wants a 2 tax on people br with fortunes $50 million or higher. For those with over $1 billion, the br Massachusetts senator's plan br tacks on a 1 wealth tax. According to CBS, over 40 million people still owe money from school.