House GOP passes resolution to cancel Biden’s student loan bailout program

White House: “If enacted, H.J. Res. 45 would weaken America’s middle class.”

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House Republicans voted Wednesday to pass a resolution to overturn Biden’s student loan forgiveness program. The White House has pledged to veto the resolution if it passes in both the House and Senate.

Titled H.J. Res. 45, the joint resolution nullifies the Department of Education’s Waivers and Modifications of Federal Student Loans. The forgiveness program, issued on October 12, 2022, suspends up to $20,000 in debt for borrowers.

According to the White House’s Statement of Administration Policy, “If enacted, H.J. Res. 45 would weaken America’s middle class. Nearly 90 percent of the relief provided by the Department of Education would go to Americans earning less than $75,000 per year, and no relief would go to any individual or household in the top 5 percent of incomes.”

Sen. Rick Scott posted on Twitter about the resolution, saying, “Biden’s student debt ‘forgiveness’ program is not only unconstitutional but unfair to millions of Americans who would be saddled with the debt of others. I’m glad the House voted to overturn it, and it should immediately be voted on in the Senate.”

Congresswoman Beth Van Duyne begged the question, “Do you have an extra $3,500 in your budget to pay off someone else’s student loans? That’s the amount President Biden’s student loan ‘forgiveness’ scheme would cost the average taxpayer, even if you never went to college.”

Sources (4)
helpPrimary sources where the above facts were found.
Summary: H.J.Res.45 — 118th Congress (2023-2024)
Congresswoman Beth Van Duyne on Twitter
Rick Scott on Twitter