Senate Republicans Try a New Tactic to Overturn Biden’s Student Loan Plan
- GOP using procedural tactic that requires a simple majority
- Opponents of loan forgiveness call it unfair and costly
Joe Biden
Photographer: Eric Thayer/BloombergThis article is for subscribers only.
Senate Republicans are attempting to overturn President Joe Biden’s student loan forgiveness program by deploying a procedural tactic that allows them to avert a filibuster and pass it by a simple majority.
Senators Bill Cassidy, John Cornyn and Joni Ernst introduced the Congressional Review Act resolution singling out Biden’s 2022 executive order, which would forgive as much as $20,000 in student loan debt per borrower. The program, which is currently blocked while it awaits a Supreme Court ruling, is limited to those that make less than $125,000 a year for individuals or $250,000 for households.