Political Quotes

On the recordNovember 15, 2023
we reached an agreement here, which I will get to in a second. I just want to say a brief word about the vote that just happened. I am very glad that this CRA was defeated. There are millions of students--poor, working class, some middle class, almost none wealthy-- who benefit from what the President has done. The very poor people, they don't have to pay student loans. For most of the rest who are working class and middle class, they pay about half of what they did. It really is a change to help our young people. It is a good thing. It is a good thing. I want to say that I am very glad that this Chamber had the good sense to defeat it, because I don't understand my colleagues on the other side of the aisle who believe in ``we can cut taxes for the very wealthy and decrease the deficit, but not help students with the big loan burdens on their shoulders.'' But that is how it is. President Biden has been really careful about doing this. I believe it will be approved in the courts. And, now, the 25.5 million students who have benefited from this and millions more will continue. So this is a real victory for our young people and for the future of America, so kids can afford to go to college and then have decent lives, not burdened by huge amounts of student debt after they graduate. Now, the good news is--that was good news, at least in my opinion. This is probably good news in many of our opinions, on both sides of the aisle, that we have an agreement.…
Said by
Chuck Schumer
Democratic · New York
Source
govinfo.gov
Nov 15, 2023

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