Conservative Guard
  • Home
  • Breaking News
  • US
  • World News
  • China
  • Business
  • Politics
  • Crime
  • Finance
  • Entertainment
No Result
View All Result
  • Home
  • Breaking News
  • US
  • World News
  • China
  • Business
  • Politics
  • Crime
  • Finance
  • Entertainment
No Result
View All Result
theTotalStory | Conservative News & Opinion
No Result
View All Result
Home Finance

GOP Seeks to Quash Student Loan Forgiveness Program

Conservative Guard by Conservative Guard
March 27, 2023
in Finance
0
Gop Seeks To Quash Student Loan Forgiveness Program
7
VIEWS
Share on FacebookShare on Twitter

GOP leaders in Congress announced legislation Monday to end President Joe Biden’s student loan forgiveness program, calling it too “costly.”

In the resolution from Rep. Bob Good, R-Va., and Sen. Bill Cassidy, R-La., Congress declared its disapproval of the program, which is stuck in limbo amid a court fight, the Washington Examiner reported.

The resolution needs only a simple majority to clear the Senate; it’s expected to get a veto by Biden.

“The student loan transfer plan is just the latest in a series of costly moves by the Biden Administration which continue to drive up inflation,” a statement said. “Rep. Good’s Joint Resolution would allow Congress to formally revoke the authority the administration claimed it had to forgive loans.”

On the Senate side, Sen. John Cornyn, R-Texas, and Sen. Joni Ernst, R-Iowa, back the Congressional Review Act resolution along with Cassidy, the ranking member of the Senate Health, Education, Labor, and Pensions Committee, the Washington Examiner noted.

“President Biden is not forgiving debt. He is shifting the burden of student loans off of the borrowers who willingly took on their debt and placing it onto those who chose to not go to college or already fulfilled their commitment to pay off their loans,” Cassidy said in a statement. 

Some 38 House Republicans are co-sponsoring the legislation, and groups like the National Taxpayers Union, the Committee for a Responsible Federal Budget, Heritage Action, and the America First Policy Institute are backing it, according to the statement.

Earlier this month, the Government Accountability Office said the student loan cancellation plan is subject to the Congressional Review Act, which gives Congress the authority to dismantle certain regulations within a set time.

Once the GAO gave the green light, Republicans signaled plans to develop legislation to overturn the program — estimated to cost $400 billion, according to the Congressional Budget Office.


© 2023 Newsmax. All rights reserved.

Related

Previous Post

Top Cyber Official Calls TikTok ‘Strategic’ Challenge

Next Post

U.S. and Japan Reach Deal on Battery Minerals

Next Post
U.s. And Japan Reach Deal On Battery Minerals

U.S. and Japan Reach Deal on Battery Minerals

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Stay Connected test

  • 11.3k Subscribers
  • Trending
  • Comments
  • Latest
Former Arizona State Student Appeals Conviction For Distributing Constitution Copies

Former Arizona State Student Appeals Conviction for Distributing Constitution Copies

January 27, 2023
Why Adani’s $100 Billion Loss Hasn’t Tanked India’s Markets

Why Adani’s $100 Billion Loss Hasn’t Tanked India’s Markets

February 11, 2023
Ukraine Attacks Russia’S Hold On Southern City Of Kherson

Ukraine attacks Russia’s hold on southern city of Kherson

October 27, 2022
Women Balk At Chinese Government Plans To Raise Birth Rate

Uyghurs Challenge the World’s Selective Memories of Genocide on Holocaust Remembrance Day

January 27, 2023
Tensions Rise On Peninsula Over Fears North Korean Eyeing ‘Tactical’ Nukes With New Policy

Tensions rise on peninsula over fears North Korean eyeing ‘tactical’ nukes with new policy

0
Times Square May Get One Of The Few Spectacles It Lacks: A Casino

Times Square May Get One of the Few Spectacles It Lacks: A Casino

0
Border Containers 34754 C0 435 5219

Arizona refuses U.S. demand to remove shipping containers from border

0
How Finnair’s Huge Bet On Faster Flights To Asia Suddenly Came Undone

How Finnair’s Huge Bet on Faster Flights to Asia Suddenly Came Undone

0
‘Succession’ Finale: 5 Questions To Consider As You Get Ready For The End Game

‘Succession’ finale: 5 questions to consider as you get ready for the end game

May 27, 2023
Roger Waters Concert Outfit Spurs Berlin Police Probe For Possible Incitement

Roger Waters concert outfit spurs Berlin police probe for possible incitement

May 27, 2023
New Bill To Build Athletics Stadium On Las Vegas Strip Caps Nevada’S Cost At $380 Million

New bill to build Athletics stadium on Las Vegas Strip caps Nevada’s cost at $380 million

May 27, 2023
Celine Dion Cancels European Concerts ‘Until I’M Really Ready To Be Back On Stage’

Celine Dion cancels European concerts ‘until I’m really ready to be back on stage’

May 26, 2023

Recent News

‘Succession’ Finale: 5 Questions To Consider As You Get Ready For The End Game

‘Succession’ finale: 5 questions to consider as you get ready for the end game

May 27, 2023
Roger Waters Concert Outfit Spurs Berlin Police Probe For Possible Incitement

Roger Waters concert outfit spurs Berlin police probe for possible incitement

May 27, 2023
New Bill To Build Athletics Stadium On Las Vegas Strip Caps Nevada’S Cost At $380 Million

New bill to build Athletics stadium on Las Vegas Strip caps Nevada’s cost at $380 million

May 27, 2023
Celine Dion Cancels European Concerts ‘Until I’M Really Ready To Be Back On Stage’

Celine Dion cancels European concerts ‘until I’m really ready to be back on stage’

May 26, 2023

TrendingNews

Malaysia Raids Swatch Stores, Seizes Colorful Watches From Gay Pride Collection

Malaysia raids Swatch stores, seizes colorful watches from gay pride collection

by Conservative Guard
May 23, 2023
0

Fox News Fired Tucker Carlson At Dominion’S Demand, Biographer Chadwick Moore Says

Fox News fired Tucker Carlson at Dominion’s demand, biographer Chadwick Moore says

by Conservative Guard
May 22, 2023
0

New updates

‘Succession’ Finale: 5 Questions To Consider As You Get Ready For The End Game

‘Succession’ finale: 5 questions to consider as you get ready for the end game

by Conservative Guard
May 27, 2023
0

Roger Waters Concert Outfit Spurs Berlin Police Probe For Possible Incitement

Roger Waters concert outfit spurs Berlin police probe for possible incitement

by Conservative Guard
May 27, 2023
0

Browse by Category

  • Breaking News
  • Business
  • China
  • Crime
  • Entertainment
  • Finance
  • Politics
  • US
  • World News

© 2022 www.conservativeguard.com

No Result
View All Result
  • Conservative Guard

© 2022 www.conservativeguard.com

Go to mobile version