On the recordMay 8, 2012
Mr. President, over the last 2 weeks, Senate Republicans have repeatedly claimed they support efforts to keep interest rates low for Federal student loans. In fact, Presidential nominee Mr. Romney has said the same. There is only one way to prove this, and that is to end the needless filibuster of Democrats' plan to stop rates from doubling this summer. Democrats have proposed legislation to freeze student loan interest rates at current levels for a year without adding a single penny to the deficit. Our plan adds no new taxes. I repeat, Mr. President: Our plan adds no new taxes. It would simply stop wealthy Americans from avoiding the taxes they already owe. Our legislation would prevent 7 million students from paying $1,000 more over the life of each of their loans. Yet Republicans appear poised to filibuster this worthy measure. They are sending a clear message they would rather protect wealthy tax dodgers--and that is what they are--than help promising students achieve their dreams of higher education. Republicans will try to explain away their ``no'' votes by claiming they oppose the way the legislation is paid for. They propose radical cuts to a preventive health care fund instead--a proposal they know we oppose. Mr. President, we have already cut that plan to the bare bones. We have used this on other programs to cut and we have done it in the right way. Any fluff that was in that program is gone. Some say we have cut far too much out of it.…





