Congresswoman Ashley Hinson (IA-01) released the following statement after the Congressional Budget Office reported that President Biden’s student loan “canellation” plan will cost $420 billion.
“President Biden’s student loan cancellation scheme is a massive slap in the face to hardworking taxpayers. There is no justification for forcing those who have already paid off their debts or entered the workforce straight away to pay off others’ student loans. When the Administration says something is free or “cancelled,” Iowans know they’re the ones who will have to pay for it. We have to close President Biden’s checkbook and put a stop to his reckless spending.” – Congresswoman Ashley Hinson