Skip to content
Catholic Online Logo

By Catholic Online (NEWS CONSORTIUM)

4/26/2012 (4 years ago)

Catholic Online (www.catholic.org)

Issue to become a major campaign issue in election year

A Democratic proposal to pay for extending low rates for college loans by imposing new payroll taxes on some small businesses currently exempt from taxes is drawing heat from their Republican counterparts. Democrats in both the House and Senate introduced legislation Wednesday to extend student loan rates at 3.4 percent for another year, rather than allowing them to jump to 6.8 percent July 1. The date is timed to coincide with a tour of college campuses by U.S. President Barack Obama highlighting the issue.

The date of legislation is timed to coincide with a tour of college campuses by U.S. President Barack Obama highlighting the issue.

The date of legislation is timed to coincide with a tour of college campuses by U.S. President Barack Obama highlighting the issue.

Highlights

By Catholic Online (NEWS CONSORTIUM)

Catholic Online (www.catholic.org)

4/26/2012 (4 years ago)

Published in Politics & Policy

Keywords: College loans, Republicans, Democrats, taxes, interest rates


LOS ANGELES, CA (Catholic Online) - Senate Democrats may force a floor vote on the measure after Congress returns from recess next week.

The increase in college loan rates is quickly developing into a key campaign issue. Democrats hope the issue will stir usually apathetic young voters who propelled Obama to victory four years ago. It could also appeal to their middle-class parents, concerned with the rising costs of college.

Apparent Republican presidential nominee Mitt Romney says that he too, favors keeping the loan rate low for seven million borrowers.

The messy details of how to pay the estimated $6 billion cost will be left to Congress, where a fight is brewing.

Senate Minority Leader Mitch McConnell (R-Ky.) accused Obama and Democrats in a scathing speech of playing deceptive politics, proposing a funding mechanism that Republicans will oppose so they can be painted as unsympathetic to the plight of college students.

"Look, if the president was more interested in solving this problem than in hearing the sound of his own voice or the applause of college students, all he'd have to do is pick up the phone and work it out with Congress," McConnell said.

"Let's be honest - the only reason Democrats have proposed this particular solution to the problem is to get Republicans to oppose it, to make us cast a vote they think will make us look bad to the voters they need to win the next election," he said.

McConnell says the business tax would make it harder for small businesses to hire and would raid Social Security and Medicare as payroll taxes are ordinarily used to fund those entitlement programs.

In the House, which recently adopted a budget authored by Rep. Paul Ryan (R-Wis.) which did not envision extending the lower loan rate, House Speaker John Boehner (R-Ohio) told reporters that Democrats and Republicans were working on the issue.

Ryan did not answer a question about the Democratic proposal on the issue. Ryan also accused Democrats of creating the problem by passing legislation in the first place in 2007 that allowed the lower rates to expire.

"Our members are talking about the student loan problem that was created by Democrats, trying to find a responsible way" to deal with it, he said.

.

---


Pope Francis: end world hunger through 'Prayer and Action'


Copyright 2015 - Distributed by THE CALIFORNIA NETWORK

Pope Francis Prayer Intentions for April 2016
Universal:
Small Farmers: That small farmers may receive a just reward for their precious labor.
Evangelization: African Christians: That Christians in Africa may give witness to love and faith in Jesus Christ amid political-religious conflicts.



Comments


More Politics & Policy

EXCLUSIVE - America, King of Propaganda: U.S. government spends billions to spew LIES to the American people. And guess what you foolish Americans, Congress made it all perfectly legal without your vote Watch

Image of

By David Drudge (CALIFORNIA NETWORK)

Have we won the ground war in Afghanistan? According to the government reports and the media, we sure have. However, this is not what one whistleblower has said, warning as early as 2012 that the American people are being deceived by the government. LOS ANGELES, CA ... continue reading


'He deserves what he gets:' Latino youths violently protest Donald Trump in Orange County Watch

Image of Trump protestors broke out in a violent riot during his Orange County rally (Reuters).

By Kenya Sinclair (CALIFORNIA NETWORK)

Thousands attended Donald Trump's Orange County rally - then broke out in violent protest. LOS ANGELES, CA (Catholic Online) - The Trump rally in Costa Mesa's Orange County Amphitheater was overflowing with supporters. There were several supporters who couldn't fit ... continue reading


New White House rules leave religious groups open to government abuse Watch

Image of Religious groups question the government's new regulations (Shutterstock).

By Kevin J. Jones (CNA/EWTN News)

The Obama administration's new rule for faith-based partnerships has drawn various reactions: one observer warned they could cause problems for partnering religious groups, while another said the action also strengthens these groups' protections against government ... continue reading


Bill De Blasio's ongoing investigation scandal fails to stop him from new fundraising efforts Watch

Image of Mayor Bill de Blasio won't talk - but his staff will (Wikipedia).

By Kenya Sinclair (CALIFORNIA NETWORK)

New York Mayor Bill de Blasio's closest aides have been issued subpoenas to aid the investigation into his shady fundraising strategies. LOS ANGELES, CA (Catholic Online) - The scandal surrounding de Blasio's fundraising has made headlines since 2014, when a leaked ... continue reading


Trump delivers first foreign policy speech, and sounds like a president should! (FULL TEXT) Watch

Image of Donald Trump's first full foreign policy speech sounded relatively presidential, and while short of specifics, was still worth listening to.

By David Drudge (CALIFORNIA NETWORK)

Donald Trump delivered his first full speech on foreign policy and he sounded fairly presidential while doing so. Trump is not a politician by trade, but he may make an excellent president thanks to his extensive business acumen. Trump is on the path to the Republican ... continue reading


The olive branch and the barb: Clinton vs. Trump Watch

Image of Trump and Clinton came out on top (Shutterstock).

By Kenya Sinclair (CALIFORNIA NETWORK)

The race for the presidential nominee has been full of surprises as history-making events, claims of foul play, dirty dealings and controversial statements have cropped up in abundance. Candidates have, at times, been caught up in a tight race, but Tuesday's primary ... continue reading


Trump will be president! Real estate mogul outpacing Romney by whopping 25 percent Watch

Image of Mitt Romney was friendly with Trump when he needed a campaign donation.

By David Drudge (CALIFORNIA NETWORK)

Donald Trump is on track to win both the primary and the election, according to the numbers. He is on a better trajectory than Mitt Romney was in 2008. Meanwhile, Hillary Clinton, while winning her primary, is losing support. LOS ANGELES, CA (California Network) - ... continue reading


Desperate Cruz and Kasich agree to stop competing, will focus on Trump Watch

Image of Cruz and Kasich are teaming up to block Trump, but their chances of success are slim.

By David Drudge (CALIFORNIA NETWORK)

Ted Cruz and John Kasich have teamed up to block Donald Trump from winning the Republican nomination. The rivals have agreed to divide upcoming primary states, so they can efficiently spend resources attacking Trump instead of each other. LOS ANGELES, CA (California ... continue reading


Public Bathrooms: Private and safe facilities or free-for-alls? Watch

Image of Apparently, gender-confused children can use whichever restroom they want - without adult supervision to ensure the safety of either gender within the confines of a bathroom (David Bro/ZUMA).

By Thomas Heed (CALIFORNIA NETWORK)

Men with bad motives or who live dissolute lifestyles have always been potential sexual threats to women - and now women have been pushed further into their corners as "transgender rights" rise to prominence as the newest notion of the sexual revolution. These rights ... continue reading


'We are in a race against time:' 175 nations sign landmark climate accord Watch

Image of World powers finally agree to make a move to fight climate change (Shutterstock).

By Kenya Sinclair (CALIFORNIA NETWORK)

World leaders have finally realized the destruction they have been allowing the planet to endure - and the ensuing consequences. LOS ANGELES, CA (Catholic Online) - A shocking number of 175 global leaders gathered at the United Nations headquarters to sign the Paris ... continue reading


All Politics & Policy News

Newsletters

Newsletter Sign Up icon

Stay up to date with the latest news, information, and special offers

Subscribe to Catholic OnlineYouTube Channel

the FEED
by Catholic Online

Daily Readings

Reading 1, Acts 15:22-31
22 Then the apostles and elders, with the whole church, decided to choose ... Read More

Psalm, Psalms 57:8-9, 10-12
8 Awake, my glory, awake, lyre and harp, that I may awake the ... Read More

Gospel, John 15:12-17
12 This is my commandment: love one another, as I have loved ... Read More

Saint of the Day

Saint of the Day for April 29th, 2016 Image

St. Catherine of Siena
April 29: St. Catherine of Siena was born during the ... Read More