(LOOTPRESS) – Senator Manchin and others vote to eliminate Biden’s student loan forgiveness plan.
Earlier on Wednesday, the U.S. decided to proceed with a resolution that the House passed that would repeal President Biden’s plan for mass student loan forgiveness. Last week, the House passed the bill, with two Democrats voting with Republicans.
The vote in the Senate today advanced 51-46. Democrat Senator Joe Manchin of West Virginia, Jon Tester of Montana, and Kirsten Sinema of Arizona, who was a Democrat, but now an Independent all voted with Republicans to advance the resolution for a full Senate vote.
Biden’s plan would eliminate up to 20,000 dollars for Americans whose income is less than 125,000 dollars.
Currently, there are two lawsuits in the hands of the Supreme Court. They will decide if Biden has the authority to forgive the money or not. A decision is expected by the end of June.
Biden said the would veto the bill if it is passed. Around 26 million people have applied for the debt relief.
Manchin released the following statement: “Today I voted to repeal the Biden Administration’s student loan cancellation proposal because we simply cannot afford to add another $400 billion to the national debt. There are already more than 50 existing student loan repayment and forgiveness programs aimed at attracting individuals to vital service jobs, such as teachers, health care workers, and public servants. This Biden proposal undermines these programs and forces hard-working taxpayers who already paid off their loans or did not go to college to shoulder the cost. Instead, we should be focusing on bipartisan student debt reforms that reduce the cost of higher education and help all Americans.” “Today I voted to repeal the Biden Administration’s student loan cancellation proposal because we simply cannot afford to add another $400 billion to the national debt. There are already more than 50 existing student loan repayment and forgiveness programs aimed at attracting individuals to vital service jobs, such as teachers, health care workers, and public servants. This Biden proposal undermines these programs and forces hard-working taxpayers who already paid off their loans or did not go to college to shoulder the cost. Instead, we should be focusing on bipartisan student debt reforms that reduce the cost of higher education and help all Americans.”