WASHINGTON (AP) –Senate Republicans derailed a Democratic bill on Tuesday aimed at keeping interest rates on federal college loans from doubling July 1 in an election-year battle aimed at the hearts —and votes —of millions of students and their parents.
Republicans said they favor preventing the interest rate increase but blocked the Senate from debating the $6 billion measure because they oppose how Democrats would pay for it: Boosting Social Security and Medicare payroll taxes on high-earning stockholders of some privately owned corporations.
It’s the same song and dance they do each time. The House passes a jutjob version with the Republican majority. The Senate Republicans then block debate in the Senate, then claim they have to pass the House version.
And people are still falling for it.
GOP blocks Senate debate on student loan bill – USATODAY.com