Washington, D.C. – Senate Majority Leader Chuck Schumer (D-NY) today spoke on the Senate floor on Republicans’ attack on President Biden’s SAVE plan to provide student loan relief to borrowers who need it most. Below are Senator Schumer’s remarks, which can also be viewed here:
As soon as today, Senate Republicans will force a vote on a cruel measure to eliminate President Biden’s historic student loan repayment program and strip away a critical lifeline for millions and millions of borrowers. I strongly oppose this terrible Republican measure to deny American families a critical lifeline just one month after the pause on student loan payments ended.
My Republican colleagues talk a big game about helping working families, but with this student debt Congressional Review Act, they are actively trying to block relief that would immediately improve the lives of so many working Americans.
The hypocrisy is glaring: Republicans are willing to give huge tax breaks to ultra-wealthy billionaires and large corporations, but when it comes to helping working families, Republicans refuse to give them a break. They say that costs too much money, but billionaire tax breaks don't? Give me a break.
Right now, there are over 5.5 million borrowers enrolled in President Biden’s SAVE plan, including nearly three hundred thousand in my home state of New York alone. So, the worst thing we could do for these borrowers and these families right now is let this Republican CRA pass and strip away this critical lifeline.
I will strongly oppose this Republican CRA to overturn student debt relief, and Democrats will keep working to make sure relief reaches every borrower in need.