Student Loan Vote: Republicans Block Bill To Extend Low Interest Rates

The GOP is so blatant in their contempt for the Middle Class- or anyone who isn’t part of the 1%….

Could it be more obvious they are only there to protect and help the wealthy and could not care less about the vast majority of Americans?

I can’t believe people who don’t make over a million dollars a year still vote for these guys….

It’s insane!

Their votes are killing the Middle Class and destroying our young people’s futures…

Education is the key to upward mobility, financial security and a fulfilling career- hopefully one that gives back to society.

From HuffingtonPost.com:

WASHINGTON — Senate Republicans on Tuesday blocked a bill that would have frozen student loan interest rates before they are set to double on July 1.

In a partisan vote of 52 to 45, the Senate failed to reach the 60 votes needed to begin debate on the Democratic bill. Sen. Olympia Snowe (Maine) was the lone Republican to vote “present.” A Snowe spokesman told The Huffington Post her vote was related to her practice of voting “present” on legislation that contains the potential or appearance of association with the private business activity of her husband.

The vote wasn’t much of a surprise: Republicans have been signaling they would filibuster the bill because of its cost offsets. Democrats would cover the $6 billion cost of keeping student loan interest rates at 3.4 percent for another year by raising Social Security and Medicare payroll taxes on certain high-earners. By contrast, Republicans have called for nixing a preventive health fund to pay for it.

Ultimately, the vote gives Democrats another chance to try to frame Republicans as favoring the wealthy over the middle class in the midst of intensifying election-year politicking.

via Student Loan Vote: Republicans Block Bill To Extend Low Interest Rates.

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Filed under Education, Elections, Politics

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