After the Supreme Court ruled President Biden couldn’t cancel student loan debt —Joe found another way, involving circumventing the court’s ruling. The ‘scaled-back’ effort would forgive $39 billion in student loan debt —but two think tanks are stepping up to sue the Biden Admin.
From Fox Business:
The lawsuit was filed Friday in Michigan by the New Civil Liberties Alliance on behalf of free market think tank Mackinac Center for Public Policy and libertarian think tank the Cato Institute.
The groups accused the administration of overstepping its power in announcing student loan debt relief for 800,000 borrowers worth $39 billion – a plan the Department of Education rolled out shortly after the Supreme Court struck down a broader student loan handout plan pushed by President Biden.
Friday’s lawsuit requested for a judge to rule the latest debt forgiveness plan as illegal and to block the Department of Education from carrying it out until the case is decided.
The Department of Education claimed in a statement that the suit is “a desperate attempt from right wing special interests to keep hundreds of thousands of borrowers in debt,” adding that the department will not “back down or give an inch when it comes to defending working families.”
Many GOP members are finding ways to halt Biden’s plan, calling the move a “backdoor attempt” to get his plan approved. Even more, Republicans are accusing him of trying to buy votes for what will undoubtedly be a hard-fought 2024 election.
More over at Fox Business:
Think tanks file suit to block Biden administration's plan to cancel $39B in student loanshttps://t.co/orB8fcGbWJ
— FOX Business (@FoxBusiness) August 7, 2023