The Senate voted to repeal President Joe Biden’s student loan forgiveness plan on June 1, 2023. Biden —pictured here with U.S. Secretary of Education Miguel Cardona in October — is expected to veto the bill.
Getty Images | Bloomberg
Sen. Joe Manchin, D-W.V., said in a statement that he voted to overturn the president’s plan because the country can’t afford to add another $400 billion to its national debt.
The Biden administration’s plan “forces hard-working taxpayers who already paid off their loans or did not go to college to shoulder the cost,” Manchin said.
Several Democratic lawmakers released statements condemning the legislation.
“Republicans’ cruel attempt to stand in the way of President Biden’s plans to provide relief to tens of millions of Americans suffering under the crushing weight of student loan debt is damaging to our economy and wildly out of touch with the financial realities facing working families,” said Sen. Ed Markey, D-Mass.
“If you kicked Republicans in the heart, you’d break your toe,” Markey added.
Senate Majority Leader Chuck Schumer called the move “a slap in the face” to more than 40 million Americans.
“We should help Americans with student debt, not make their problems worse,” Schumer said.
This is breaking news. Please check back for updates.