House Republicans Vote to WAIVE Biden’s Student Loan Forgiveness Plan
House Republicans Vote to RELEASE Biden’s Student Loan Forgiveness Plan as Marjorie Taylor Greene Takes Down the Gavel
- The resolution, put forward by Rep. Bob Good, R-Va., Defeated 218 to 203
- Two Democrats joined the Republicans: Rep. Jared Golden, Maine, and Marie Gluesenkamp Perez, Wash.
Republicans in the House of Representatives passed a resolution on Wednesday that would overturn President Biden’s student loan forgiveness plan.
The resolution, advanced by Rep. Bob Good, R-Va., passed 218 to 203 — with two Democrats joining Republicans: Rep. Jared Golden, Maine, and Marie Gluesenkamp Perez, Washington.
The Biden proposal was expected to bring relief to up to 40 million borrowers who could have qualified for as much as $20,000 in forgiveness. The plan has been mired in legal trouble and is now before the Supreme Court.
The measure has been brought under the Congressional Review Act, meaning it must now be passed by the Senate despite Democratic scrutiny in that chamber. It could pass by a simple majority, but the White House has threatened to veto the measure.
Senator Joe Manchin, D-Va., has opposed the pardon plan — and moderate Senator Kyrsten Sinema, I-Ariz., and Jon Tester, D-Mont., could also vote in favor of the resolution.
Republicans in the House of Representatives passed a resolution on Wednesday that would overturn President Biden’s student loan forgiveness plan
Republicans also sought to repeal Biden’s program in their party-line debt ceiling bill, the Limit Save Grow Act, which was the starting point of their negotiations with the White House on raising the country’s $31.4 trillion borrowing limit.
A Congressional Budget Office report found that Biden’s plan would add $426 billion to the deficit.
Rep. Marjorie Taylor Greene, R-Ga., spoke pro tempore and led the House through the vote. As both sides began clamoring about the debt limit, Greene reminded them to have “decorum” — provoking raucous laughter from the Democrats.
Biden’s plan, announced in August, would forgive $10,000 in student loans to those earning less than $125,000 and married couples earning less than $250,000 combined. That forgiveness would amount to $20,000 if the borrower received a Pell scholarship, which helps students from low-income families.
A Supreme Court ruling puts more at stake than student loans. If the nation’s highest court rules that Biden’s executive action is unconstitutional, it could give more power to states’ legal challenges to federal policymaking.