House Republicans just proposed ending the student-loan payment pause and 'prohibiting' Biden's broad debt cancellation as part of 10 major budget cuts
On Wednesday, Republicans on the House Budget Committee put forth a list ofto reach a deal to raise the debt ceiling before the government defaults. Since Republicans assumed a slim majority over the House, they have expressed their intent to use the debt limit as a bargaining chip to achieve their own priorities — particularly with spending cuts — and their budget committee has some areas it wouldn't mind disinvesting in.
One area for proposed spending cuts focused on President Joe Biden's"student loan bailouts" — the press release said that ending the student-loan payment pause would save $25 billion, and"prohibiting" his broad plan to cancel student debt would save $379 billion. Reducing fraud by requiring Social Security numbers for the child tax credit and income verification for SNAP: $70 billionCanceling Environmental Protection Agency programs: $60 billionEnding legal assistance for migrants: $10 millionStopping"woke-waste" projects focused on gender inclusivity: $6.6 million.legislation to end the student-loan payment pause and block Biden from canceling any student debt, though none of those bills even made it to a vote in either chamber of Congress.
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