With inauguration day approaching, the state of President Joe Biden's efforts to reduce student loan debt hangs in the balance.

Summary

Representative Glenn Grothman plans to introduce the “Protecting Taxpayers from Student Loan Bailouts Act,” aimed at blocking future large-scale student loan forgiveness by limiting regulations costing taxpayers over $100 million annually.

This follows a Supreme Court ruling in 2024 that struck down President Biden’s $430 billion loan forgiveness plan.

Republicans criticize forgiveness as inflationary and unfair, while Biden’s administration has canceled $180 billion in debt over four years.

With GOP control of Congress, future forgiveness efforts face significant challenges.

  • octopus_ink@lemmy.mlEnglish
    33·
    8 days ago

    Fucking Republicans. They are literally the party of taking things away and making things worse. I cannot fathom how they have duped tens of millions into believing they are the party trying to help people.

    And yes, Dems have their issues too, but R is just rabidly “fuck you I got mine, and double so if you aren’t a white cishet man” at all levels.

    • queermunist she/her@lemmy.ml
      13·
      8 days ago

      They are literally the party of taking things away and making things worse. I cannot fathom how they have duped tens of millions into believing they are the party trying to help people.

      A large part of the Republican base consists of people who want to make things worse for their enemies. They know that these policies hurt people with college debt and that’s why they vote Republican.

    • Ensign_Crab@lemmy.worldEnglish
      3·
      8 days ago

      I cannot fathom how they have duped tens of millions into believing they are the party trying to help people.

      You can fool some of the people all of the time.