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Senate Republicans defeat "Student Loan" tax-increase bill, present alternate bill

Discussion in 'U.S. Politics' started by Little-Acorn, May 8, 2012.

  1. Little-Acorn

    Little-Acorn Well-Known Member

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    Today the Senate Democrats tried to present a bill that increased payroll taxes, to offset a reduction in the interest rates students would pay on future Student Loans.

    Senate Republicans successfully filibustered the tax-increase bill and defeated it.

    This clears the way for a Republican-written bill that cancels the interest rate increase written by Democrats, without the tax increase now demanded by those same Democrats. This bill has already passed the House, and is being held up by Senate Democrats. It pays for the cost of doing away with the Democrats' interest-rate increase, by using money from a slush fund Democrats had inserted into the Obamacare bill instead.

    On the off chance that this real Student Loan Interest Reduction Bill gets defeated like the Democrats' Tax Increase bill just was, can we expect the White House and the Senate Democrats to be equally up in arms over it, choking on their outrage over students' getting an increase in the interest they will pay on their Student Loans?

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    http://www.9wsyr.com/news/local/sto...student-loan-bill/8XPt_ohhn0S2CmfdEFdgYw.cspx

    GOP ignores veto threat, passes student loan bill

    Published: 4/27 3:21 pm
    Updated: 4/27 3:22 pm

    WASHINGTON (WSYR-TV/AP) -- Republicans ignored a veto threat and overcame a rebellion by party conservatives to push a bill through the House Friday keeping interest rates on millions of federal student loans from doubling this summer.

    Lawmakers voted 215-195 to approve a bill that has become an election-year battle between the two parties over helping families in a persistently ailing economy. The measure sparked debate over women's health issues, too. Republicans Ann Marie Buerkle and Richard Hanna were among the 215 to approve the bill

    The White House and most Democrats opposed the $5.9 billion bill because of how Republicans covered the costs: eliminating a preventive health care fund in President Barack Obama's health care law. They say the program mostly benefits women, while Republicans call it a loosely controlled slush fund.
     
  2. Cruella

    Cruella Well-Known Member

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    There isn't anything that the Republicans can present that will get passed the Senate. All this is going to do is give Obama another calculated campaign issue to beat Republicans up with. The OWS crowd will come out in droves to protest about their student loans.
     
  3. dogtowner

    dogtowner Moderator Staff Member

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    GOP needs to stay on message as to WHO would be taxed and WHY that hurts. the impact is directly on small business, just what they need and a dagger in the heart of the economy.
     
  4. Cruella

    Cruella Well-Known Member

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    But who would listen to, or let alone understand how that works? I've worked in companies where the employees were aware of their companies sales, but clueless about the expenses and bottom line. You could shove the income statement in their face, and they still wouldn't get it. This is one area that education has failed. Of course the left likes that.
     
  5. dogtowner

    dogtowner Moderator Staff Member

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    the best way is to say that x increases = y jobs. raise my taxes and payroll decreases by this number. an yone can understand this. just give small business the annunition and they'll see to the education aspect.
     
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