Members of Congress on both sides of the aisle have already expressed concerns about President Biden’s new student loan forgiveness proposal.
“The Senate should block Mr. Biden’s socialist student debt relief program,” Sen. Marsha Blackburn (R-Tenn.) told Fox News Digital. “Hard-working Tennesseans should not pay for PhDs in gender studies from wealthy coastal elites. He is trying to rebel against the rule of law.”
Republican critics of the plan have accused Biden of trying to buy votes at a time when progressive young people are becoming disillusioned with Biden over his stance on Israel’s war in Gaza. There is.
House Republican Conference Chairwoman Elise Stefanik (R.N.Y.) told Fox News Digital, “Joe Biden, in a desperate effort to salvage his failed campaign, is trying to pay for illegal student loan relief.” They are forcing it on the American people.”
After President Biden (center) announced a new student loan forgiveness plan, Republicans and Democrats, including House Republican Conference Chair Elise Stefanik (left) and Sen. Jon Tester (right), pushed back. There is. (Getty Images)
Rep. Dan Crenshaw (R-Texas) similarly wrote of X that it was “just the latest example of an election gimmick designed to blatantly buy votes.”
Biden’s The new plan is Cancel up to $20,000 of interest accrued on a borrower’s student loans, regardless of income level.
It would also completely waive interest for people making less than $120,000 on income-driven repayment plans. For married couples, the standard value is doubled.
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The White House announced Monday morning that the proposal would waive interest balances for up to 25 million borrowers.
Last spring, there was a bipartisan push in Congress to block Biden’s first attempt at broad student loan forgiveness.
Two Democrats joined House Republicans in voting to block the measure from taking effect in late May. The following month, three Senate Democrats joined Republicans in voting to block Biden’s plan, but the president ultimately vetoed it. This first student loan proposal was ultimately rejected 6-3 by the Supreme Court’s conservative majority in a July vote.
House Majority Whip Tom Emmer (R-Minn.) also pushed back on Biden’s plan.
And on Capitol Hill, Biden doesn’t seem to have been able to sway left-wing critics of his original plan to participate.
A spokesperson for Sen. Jon Tester, D-Mont., who voted in favor of blocking the student loan plan last June, told Fox News Digital that the Democratic senator is “opposed to forced mass loan cancellations. I have made it clear to President Biden that we will be there.” Taxpayers end up picking up the slack without addressing the root causes of the problem. ”
Meanwhile, a spokesperson for Sen. Joe Manchin (D.W.V.) told Fox News Digital that earlier statements when Manchin congratulated him on reversing his original proposal and attacked it as “reckless” pointed out.
Some student loan borrowers are receiving refunds in addition to loan forgiveness
Rep. Jared Golden (D-Maine), along with Rep. Marie Grusenkamp Perez (D-Wash.), who along with Republicans initially voted to block the proposal, told Fox News Digital on Monday that “I “I opposed President Biden’s first student loan forgiveness plan.” “Similarly, when the U.S. Supreme Court finds the president’s approach unconstitutional. These are new proposals, and we will take the necessary time to review them before commenting.”
A spokesperson for Sen. Joe Manchin (D.W.V.) told Fox News Digital that he pointed to earlier statements in which Manchin celebrated reversing his original proposal and attacked it as “reckless.” did. (Win McNamee/Getty Images)
House Majority Whip Tom Emmer (R-Minn.) accused Biden of trying to circumvent the Supreme Court’s ruling last year against his original student loan plan.
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“American taxpayers, including those who didn’t go to college, should not be forced to pay for Joe Biden’s student loan relief. His latest plan is not only a slap in the face to the Supreme Court; It’s also a slap in the face to the nation, facing millions of Americans who have worked hard to avoid student debt,” Emmer told Fox News Digital.
“The problem is that the so-called solutions to the student loan system outlined in the president’s plan are forcing taxpayers to pay more,” House Education and Labor Committee Chairwoman Virginia Foxx, RN.C., said in a statement. That’s the thing – many of them have never set foot in a university.” Campus — to pay off loans that others voluntarily took out and benefited from… For students, families, and taxpayers, a real solution to reduce the cost of college and fix the federal student loan program. is required. ”
In response to a request for comment from FOX News Digital, a White House spokesperson pointed to comments made to reporters by senior administration officials that made it clear that the plan is different from the one that was rejected by the high court.
“As you know, we have carefully considered the Supreme Court’s decision, and we intend to pursue these regulations in a manner that is fully consistent with that decision. ‘s previous pandemic relief proposals, and the Department’s plan. “The process is proceeding under a different legal authority, and has been for many years, and this plan includes , which includes different considerations to provide targeted relief to borrowers in specific situations,” the official said.
