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Veto Threat Suggest President is Unserious
Washington, DC,
May 22, 2013
Why the Obama Administration would threaten to veto legislation that so closely mirrors their own student loan proposal suggests President Obama isn't serious about working toward a long-term solution for students and taxpayers after all.
Higher Education Subcommittee Chairwoman Virginia Foxx (R-NC) today issued the following statement in response to the Obama Administration's threat to veto the Smarter Solutions for Students Act (H.R. 1911) which Foxx sponsored with House Education Committee Chairman John Kline (R-MN): "Why the Obama Administration would threaten to veto legislation that so closely mirrors their own student loan proposal suggests President Obama isn’t serious about working toward a long-term solution for students and taxpayers after all. "Like President Obama’s own proposal, the Smarter Solutions for Students Act removes Washington politicians from the rate-setting equation and anchors rates to the free market. Like President Obama’s proposal, it prevents rates from doubling on July 1. And beyond President Obama’s proposal, it includes sensible rate caps and the opportunity for borrowers who choose to consolidate their loans to take advantage of low rates after they’ve graduated. "All those similarities certainly shouldn’t be grounds for a veto. If President Obama chooses to ignore our common ground and cow to partisan pressure to kick the student loan can down the road, he will do students, families and taxpayers a real disservice. # # # |