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...
Joined:
Dec. 29, 2009 10:59 am

Currently Chatting

“Rebooting the American Dream.”

Thom Hartmann Here with an excerpt from my book “Rebooting the American Dream: 11 ways to rebuild our country.”
-----
My radio show has a mission statement. We don’t say it on the air, as it sounds a bit pompous, but it’s the metric against which we measure our work: Saving the world, by awakening one person at a time.

Powered by Drupal, an open source content management system