On the recordJanuary 17, 2007
In that bill, in a time of war, the Republican leadership passed an enormous tax cut for the wealthiest 1 percent in this country. Most of it was paid for by running up a deficit for our grandchildren to pay, but a small slice of it was paid for by cutting $12 billion in Federal student loan support. I think it is clear that the American people rejected that kind of short-sightedness this past November. Today, Democrats are cutting student loan rates in half, without adding one cent to the deficit. That is common sense for students, and a responsible policy for this country's working class.
Source
govinfo.gov
