Jay Carney
Bill to Prevent Student Interest Rates from Doubling Blocked in the Senate
The following statement has been issued by White House Press Secretary Jay Carney.
It is extremely disappointing that Republicans
in the Senate today voted to ask millions of students to pay an average of
$1,000 each in order to protect a loophole that allows millionaires to dodge
payroll taxes. On July 1, more than 7.4 million students across the country
will see their interest rates double unless Congress acts. We’re pleased that
despite failing to address it in their budget, Republicans in Congress now
profess to be concerned about this coming rate hike. But now it’s time for them
to stop refighting old political battles and prove they’re serious by proposing
a real solution to keep rates low for students without burdening middle class
families or undercutting preventive health care for women. We look forward to
continuing to work with Congress to prevent rates from doubling and ensure that
students continue to get a fair shot at an affordable education.
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