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 October 2014
Peace:
That the Lord may grant peace to those parts of the world most battered by war and violence.
World Mission Day: That World Mission Day may rekindle in every believer zeal for carrying the Gospel into all the world.



Comments


More Politics & Policy

Why does Obama want doctors overworked and underpaid? Watch

Image of An astounding 25% of all active physicians in America are refusing to participate in Obamacare.

By Catholic Online (NEWS CONSORTIUM)

An incredible number of doctors nationwide are refusing to participate in the Affordable Care Act (ACA), President Obama's largest and most decisive act while in the White House. LOS ANGELES, CA (Catholic Online) - More than 214,000 doctors nationwide will not ... continue reading


Democrats are expected to hurt as Republicans sweep through Congress and local legislatures Watch

Image of Republicans are expected to cement their majority in the House of Representatives, while in the Senate they are expected to gain a majority.

By Catholic Online (NEWS CONSORTIUM)

The 2014 Midterm election may give Republicans a historic opportunity to take control of a record number of state legislatures across the country, made possible by America's increasing dissatisfaction with President Obama and Democrats-who have been eager to ... continue reading


THE AMERICAN REPUBLIC IS DEAD - The new way politicians take bribes and cut you out of politics Watch

Image of The American Republic has been destroyed after decades of apathy and corruption.

By Catholic Online (NEWS CONSORTIUM)

Political corruption in the United States has never been worse. Although members of Congress are not allowed to accept bribes or gifts, they have found a loophole in their own laws they exploit to cash in. Instead of being bought directly, members of Congress, as ... continue reading


Children in world's most affluent countries plunged into poverty after crisis Watch

Image of Budget cuts have had a negative impact on children, particularly in Mediterranean countries, such as Italy, Greece and Portugal.

By Karrie Kehoe, Thomson Reuters Foundation

The global economic crisis has plunged 2.6 million children into poverty in the world's most affluent countries, with children in Ireland, Latvia and Greece among the hardest hit, a new UNICEF report showed. LONDON (Thomson Reuters Foundation) - Increases in child ... continue reading


Black Democrats turn against Obama in powerful video. It's not the Republicans or the Tea Party -- it's predatory blacks Watch

Image of Blacks are tired of promises and corruption. The problem is black leadership.

By Catholic Online (NEWS CONSORTIUM)

Black Chicago activists have criticized Obama and other black leaders, saying that every black community across the country is being used by Democrats. "Folks are in an abusive black leadership relationship," one angry man said in the clip. "My life has been hurt by ... continue reading


Another six states now recognize same-sex marriage after Supreme Court ruling Watch

Image of The U.S. government has recognized same-sex

By Catholic Online (NEWS CONSORTIUM)

The federal government has continued to increase its recognition of same-sex marriage, granting protected status and extending federal benefits to couples in six more states. LOS ANGELES, CA (Catholic Online) - Attorney General Eric Holder announced the news on ... continue reading


Pew Research reveals Latinos growing as a group, but political power is low Watch

Image of A Pew Report shows that Latinos are weakly represented in the current midterm.

By Catholic Online (NEWS CONSORTIUM)

When viewed by the numbers, Latinos are becoming an important demographic in American politics. While Latinos have always been an important group in the American cultural tapestry, only recently have their collective numbers risen to make them a substantial political ... continue reading


Will the Bush legacy live on with Jeb? Or will painful memories haunt the family and the GOP? Watch

Image of While many may be wary of another Bush candidacy, it appears the whole Bush clan is behind a Jeb Bush 2016 bid.

By Catholic Online (NEWS CONSORTIUM)

The 2014 midterm is right around the corner, but already rumors are rumbling about the roster of potential 2016 presidential candidates. LOS ANGELES, CA (Catholic Online) - While many Republicans want, or have thought highly of, Mitt Romney running for a third time, ... continue reading


Comrade Hillary Clinton astounds - says businesses don't create jobs Watch

Image of Clinton's claim was delivered during a speech for Martha Coakley.

By Catholic Online (NEWS CONSORTIUM)

Hillary Clinton has stunned listeners with the amazing proclamation that corporations and businesses don't create jobs. This leaves many Americans to wonder where their jobs came from instead. LOS ANGELES, CA (Catholic Online) - At a rally in Boston, Hillary Clinton ... continue reading


More people than ever before renouncing their United States citizenship Watch

Image of The growing number of renunciations by U.S. citizens and permanent residents is linked to a five-year enforcement campaign against U.S. taxpayers who have undeclared offshore accounts.

By Catholic Online (NEWS CONSORTIUM)

With 776 names on the Treasury Department list published last week for the third quarter of 2014, more people than ever before have renounced their citizenship in the United States. There are substantial numbers of people to renounce their U.S. citizenship or end ... 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, Philippians 1:1-11
1 Paul and Timothy, servants of Christ Jesus, to all ... Read More

Psalm, Psalms 111:1-2, 3-4, 5-6
1 Alleluia! I give thanks to Yahweh with all my ... Read More

Gospel, Luke 14:1-6
1 Now it happened that on a Sabbath day he had gone ... Read More

Saint of the Day

Saint of the Day for October 31st, 2014 Image

St. Wolfgang
October 31: Wolfgang (d. 994) + Bishop and reformer. Born in Swabia, ... 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