Ranking Member Cassidy Delivers Floor Speech on CRA to Overturn President Biden's Newest Student Loan Scheme
Floor Speech
Issues: Taxes Higher Education
"Just like Biden's original student debt cancelation scheme, this IDR rule does not "forgive' debt. It transfers the burden of $559 billion in federal student loans to the 87 percent of Americans who don't have student loans, who chose not to go to college, or already responsibly paid off their debts.
President Biden's student loan scheme is not a fix. It is a politically motivated giveaway that forces taxpayers to shoulder the responsibility of paying off someone else's debt. We need real leadership to address this issue."
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