Group of Republican senators unveils proposal to revoke President Biden's executive action last year to forgive some federal student loan debt.
“Where is the relief for the man who skipped college but is paying off his work truck, or the woman who paid off her loans and is now struggling to afford her mortgage?” Cassidy said. “This resolution prevents these Americans, whose debts look different from the favored group the Biden administration has selected, from picking up the bill for this irresponsible and unfair policy.
Republicans have a slim majority in the House while Democrats hold a 51-49 majority in the Senate. But if the measure passes, Biden could veto it, requiring Congress to find two-thirds to override him. Biden's executive action — which is backed by Senate Majority Leader Chuck Schumer of New York and other Democrats — would allow for up to $10,000 in student debt cancellation for federal borrowers making under $125,000 in individual income , and as much as $20,000 for those who receive Pell Grants. The proposal is expected to cost“Republicans are showing us just how callous and uncaring they can be to families trying to make ends meet,” Schumerlast week in anticipation of this resolution.
Biden's student debt plan divided voters in the 2022 election, with 50% approving and 47% disapproving, according to
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