Skip to content
Catholic Online Logo

By Catholic Online (NEWS CONSORTIUM)

4/26/2012 (2 years ago)

Catholic Online (www.catholic.org)

Issue to become a major campaign issue in election year

A Democratic proposal to pay for extending low rates for college loans by imposing new payroll taxes on some small businesses currently exempt from taxes is drawing heat from their Republican counterparts. Democrats in both the House and Senate introduced legislation Wednesday to extend student loan rates at 3.4 percent for another year, rather than allowing them to jump to 6.8 percent July 1. The date is timed to coincide with a tour of college campuses by U.S. President Barack Obama highlighting the issue.

The date of legislation is timed to coincide with a tour of college campuses by U.S. President Barack Obama highlighting the issue.

The date of legislation is timed to coincide with a tour of college campuses by U.S. President Barack Obama highlighting the issue.

Highlights

By Catholic Online (NEWS CONSORTIUM)

Catholic Online (www.catholic.org)

4/26/2012 (2 years ago)

Published in Politics & Policy

Keywords: College loans, Republicans, Democrats, taxes, interest rates


LOS ANGELES, CA (Catholic Online) - Senate Democrats may force a floor vote on the measure after Congress returns from recess next week.

The increase in college loan rates is quickly developing into a key campaign issue. Democrats hope the issue will stir usually apathetic young voters who propelled Obama to victory four years ago. It could also appeal to their middle-class parents, concerned with the rising costs of college.

Apparent Republican presidential nominee Mitt Romney says that he too, favors keeping the loan rate low for seven million borrowers.

The messy details of how to pay the estimated $6 billion cost will be left to Congress, where a fight is brewing.

Senate Minority Leader Mitch McConnell (R-Ky.) accused Obama and Democrats in a scathing speech of playing deceptive politics, proposing a funding mechanism that Republicans will oppose so they can be painted as unsympathetic to the plight of college students.

"Look, if the president was more interested in solving this problem than in hearing the sound of his own voice or the applause of college students, all he'd have to do is pick up the phone and work it out with Congress," McConnell said.

"Let's be honest - the only reason Democrats have proposed this particular solution to the problem is to get Republicans to oppose it, to make us cast a vote they think will make us look bad to the voters they need to win the next election," he said.

McConnell says the business tax would make it harder for small businesses to hire and would raid Social Security and Medicare as payroll taxes are ordinarily used to fund those entitlement programs.

In the House, which recently adopted a budget authored by Rep. Paul Ryan (R-Wis.) which did not envision extending the lower loan rate, House Speaker John Boehner (R-Ohio) told reporters that Democrats and Republicans were working on the issue.

Ryan did not answer a question about the Democratic proposal on the issue. Ryan also accused Democrats of creating the problem by passing legislation in the first place in 2007 that allowed the lower rates to expire.

"Our members are talking about the student loan problem that was created by Democrats, trying to find a responsible way" to deal with it, he said.

.

---


Pope Francis: end world hunger through 'Prayer and Action'


2014 - Distributed by THE NEWS CONSORTIUM

Pope Francis Prayer Intentions for January 2015
General Intention:
That those from diverse religious traditions and all people of good will may work together for peace.
Missionary Intention: That in this year dedicated to consecrated life, religious men and women may rediscover the joy of following Christ and strive to serve the poor with zeal.



Comments


More Politics & Policy

'You have to know who your enemy is' Downplaying and mislabling Islamic extremism is a dangerous path for the U.S. Watch

Image of Islamic extremism is terrorism, it is not simply criminal conduct.

By Abigail James (NEWS CONSORTIUM)

The Obama administration refuses to acknowledge the terrorism attacks around the world for what it is, Islamic extremism. This blatant disregard of the real problem can be harmful for the country. LOS ANGELES, CA (Catholic Online) - Secretary of State, John Kerry was ... continue reading


Striking back at the Dems! Koch brothers allocate nearly ONE BILLION DOLLARS for 2016 presidential race Watch

Image of David Koch, one of the leaders of a political action network that has the monetary power to spend hundreds of millions on political races.

By Matt Waterson (NEWS CONSORTIUM)

It seems the Koch brothers have no plans to ease their political spending habits in 2015, as top officials in the brothers' political network released a budget of $889 million to be spent on the vast political network ahead of the 2016 presidential race. LOS ... continue reading


Turning off spigot: Obama aims to possessively guard oil-rich Alaskan coastline from development Watch

Image of Alaska's coastal plain has been at the center of a fight between conservationists and advocates of greater energy exploration in the U.S. for a very long time.

By Catholic Online (NEWS CONSORTIUM)

Just because there's been relief at the corner gas pump doesn't mean that the United States won't need any more oil in the near future - far from it. As such, many are infuriated that U.S. President Barack Obama seeks to designate the vast majority of Alaska's ... continue reading


And the field gets thicker! Rubio joins Bush, Romney, Walker and Christie as 2016 presidential hopeful Watch

Image of Marco Rubio, a Senator from Florida may be crafting a campaign team for a potential 2016 bid.

By Matt Waterson (NEWS CONSORTIUM)

A fifth Republican is making noise that could be interpreted as intent to make a 2016 presidential run. LOS ANGELES, CA (Catholic Online) - Florida Senator Marco Rubio is possibly gathering a campaign team, planning out a slew of state visits starting in February, and ... continue reading


Scott Walker enters the 2016 Republican nomination ring with speech attacking Obama's failed policies Watch

Image of Wisconsin Governor Scott Walker gave a speech in Iowa, a move which may put him in the running for the Republican nomination.

By Matt Waterson (NEWS CONSORTIUM)

Former Florida Governor Jeb Bush, New Jersey Governor Chris Christie and former Massachusetts Governor Mitt Romney may have been the first Republicans to make it clear-though still unofficial-that they intend to run for the Republican nomination in 2016, but ... continue reading


Jeb Bush, Mitt Romney hold summit meeting: Are they plotting election strategy? Watch

Image of There have been stories in a number of outlets that Jeb Bush proposed the meeting weeks ago, in order to thank Mitt Romney for his past party leadership.

By Catholic Online (NEWS CONSORTIUM)

Former governors Jeb Bush and Mitt Romney are having a summit meeting. The meeting will be in Utah. Speculation swirls about what the meeting will entail. Some GOP party officials hope "the two former governors will find a way to avoid competing presidential campaigns ... continue reading


An average of 27 late-term abortions happen every day in the United States; the bill to protect the unborn from this cruel pain was dramatically dropped by the GOP Watch

Image of 10,000 babies are killed each year through late-term abortions.

By Abigail James (NEWS CONSORTIUM)

An estimated 10,000 unborn babies are killed each year through late-term abortions. This averages out to 27.4 abortions taking place 20 weeks or later per day or 1.14 per hour, according to the Congressional Budget Office. LOS ANGELES, CA (Catholic Online) - The Pain ... continue reading


Father Frank Pavone on Pope Francis, Politics, and Catholic Social teaching Watch

Image of Fr Frank Pavone - Fidelity to the Gospel requires that we be able to prophetically challenge the positions of all political parties, and that our loyalty to Christ and his teaching supersedes our loyalty to any political party, although such loyalties are not per se incompatible with being a Christian.

By Matt C. Abbott

It remains true that the right to life is the most fundamental right and that the duty to defend it is a more urgent priority than other social justice priorities. But to what extent that fact helps or hurts a political party depends upon the party, and his ... continue reading


President Obama fiercely hits the country with proposed $320 billion tax hike, explained in his annual State of the Union Watch

Image of Obama plans on spending his remaining two years in office helping the middle class experience the prosperity of the recovery.

By Abigail James (NEWS CONSORTIUM)

Two years before President Obama's departure, he has vowed to spend his remaining time "playing offense." In his annual State of the Union, Obama will address his proposal to increase tax hikes on America's "one percent." LOS ANGELES, CA (Catholic Online) - Parts ... continue reading


Attorney General Eric Holder denounced as 'coward' and 'hypocrite' by former FBI agent Watch

Image of A former FBI agent says that Attorney General Eric Holder has used the

By Catholic Online (NEWS CONSORTIUM)

Former FBI agent K. Dee McCown, who left the agency in 2008, has written a strong letter to Attorney General Eric Holder where McKown denounces Holder as a "coward" and a "hypocrite." McCown says he was compelled to write after the shooting deaths of two New ... continue reading


All Politics & Policy News

Newsletters

Newsletter Sign Up icon

Stay up to date with the latest news, information, and special offers

Daily Readings

Reading 1, Hebrews 10:19-25
19 We have then, brothers, complete confidence ... Read More

Psalm, Psalms 24:1-2, 3-4, 5-6
1 [Psalm Of David] To Yahweh belong the earth and all ... Read More

Gospel, Mark 4:21-25
21 He also said to them, 'Is a lamp brought in to be ... Read More

Saint of the Day

Saint of the Day for January 29th, 2015 Image

Sts. Sarbelius & Barbea
January 29: Two martyrs, brother and sister, who were put to death at Edessa ... Read More

Inform, Inspire & Ignite Logo

Find Catholic Online on Facebook and get updates right in your live feed.

Become a fan of Catholic Online on Facebook


Follow Catholic Online on Twitter and get News and Product updates.

Follow us on Twitter