On the recordSeptember 14, 2022
Mr. President, reserving the right to object, this is a shameful attempt by the Republicans to keep working Americans buried under mountains of student debt. President Biden's decision to cancel up to $20,000 of Federal student debt for as many as 43 million Americans with incomes under $125,000 a year is a historic step to delivering life-changing relief to working families and to helping rebuild America's middle class. Senator Scott's bill is just one of the Republicans' desperate efforts to block cancelation for millions of Americans. Now, the Republicans are happy to pass out tax breaks and regulatory loopholes for billionaires and giant corporations, but they are fighting tooth and nail to keep working families from getting a penny of relief. Evidently, Senator Scott believes that $2 trillion in Republican tax cuts that were not paid for is fine so long as those tax cuts are aimed mostly at millionaires, billionaires, and giant corporations. But a program that costs a fraction as much and for which 90 percent of its benefits go to people earning less than $75,000 a year is now somehow a moral outrage. Today, he claims to worry about those taxpayers who he says will shoulder student loan cancelation, but where was Senator Scott, or then-Governor Scott, when Donald Trump and the congressional Republicans handed out $2 trillion in tax breaks to billionaires and giant corporations, not a penny of which was paid for? Where was he then?…





