It’s the Senate’s turn to save college students from a crippling interest rate hike

1 post / 0 new

With the student loan interest rate set to double on July 1st – and outstanding student loan debt now over one trillion dollars – Democrats in the Senate will bring legislation to the floor to prevent rates from going up – and pay for it by closing a corporate tax loophole. Unfortunately – Republicans are hell-bent on protecting that corporate tax loophole – and have pledged to filibuster the Senate bill.

Instead – Republicans are pushing their own legislation that passed out of the House two weeks ago – which pays for student loan relief by cutting funding from preventative health programs in Obamacare. President Obama has promised to veto the Republican bill – since it stops women and children from receiving the cancer screening and vaccinations they need to stay healthy.

Once again – Republicans are doing whatever they can to protect their corporate overlords – no matter the damage they may cause to students, mothers, and children.

Thom Hartmann Administrator's picture
Thom Hartmann A...
Dec. 29, 2009 9:59 am

Latest Headlines

Obama to veto legislation on refugee screening

President Barack Obama would veto a Republican bill introduced in the wake of the Paris attacks to toughen the screening process for Syrian refugees

New York officials: No credible ISIS threat against city

There is no credible threat to New York City at this time, officials said

China denies torturing political prisoners

A Chinese delegation denied mistreatement of prisoners held in police stations and deaths in custody

Why the Kochs Really Embraced Criminal Justice Reform...

It looks like the Koch brothers have scammed us once again.

When news first came out that Charles and David Koch -- the Koch brothers -- were supporting criminal justice reform efforts in Congress, many of us thought, "Wow, they're actually doing something good for once."

And for good reason, too.

Powered by Drupal, an open source content management system