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Revision history for this page on the wikienMediaWiki 1.13.3Mon, 02 Nov 2026 09:03:03 GMTNethertonMetcalf475: New page: Election News The White House explained Friday that President Barack Obama would veto a Republican evaluate passed by the Home to lengthen lower curiosity rates on federal university stud...
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<p>New page: Election News The White House explained Friday that President Barack Obama would veto a Republican evaluate passed by the Home to lengthen lower curiosity rates on federal university stud...</p>
<p><b>New page</b></p><div>Election News<br />
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The White House explained Friday that President Barack Obama would veto a Republican evaluate passed by the Home to lengthen lower curiosity rates on federal university student loans because it takes funds from a wellness treatment fund that positive aspects women.<br />
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A White Residence statement explained Obama's senior advisers would advise a veto if the Residence measure, which passed 215-195 on a mainly party-line vote, have been to acquire Senate approval and get to the president's desk.<br />
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"Women, in particular, will reward from this prevention fund, which would supply for hundreds of hundreds of screenings for breast and cervical cancer," the White House declaration said. "This is a politically motivated proposal and not the severe response that the difficulty struggling with America's higher education students deserves. If the president is offered with H.R. 4628, his senior advisers would recommend that he veto the bill."<br />
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Obama favors extending the current decrease interest rates on university student loans but would look for a various way to pay the $6 billion cost.<br />
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A proposal by Senate Democrats would pay out for the measure by ending some tax loopholes for corporations, a move opposed by Republicans. The House strategy would instead take the dollars from the health treatment fund, which is component of the 2010 Affordable Treatment Act detested by Republicans.<br />
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House Speaker John Boehner, R-Ohio, proposed the GOP's student loan evaluate this week in the encounter of a high-profile marketing campaign by Obama that rallied school college students -- a key component of the essential youth vote in November -- to strain Congress to extend the reduce pupil mortgage rates.<br />
In addition, specific Republican presidential nominee Mitt Romney pinned Boehner and congressional Republicans in a corner by coming out in favor of the decrease charges this week.<br />
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House Republicans earlier backed a price range plan that called for allowing the reduced curiosity premiums on college student loans expire on July 1.<br />
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In an emotional ground speech Friday, Boehner labeled the concern a fake combat mounted by Democrats for political advantage.<br />
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"People want to politicize this due to the fact it is an election year, but my God, do we have to fight about everything?" Boehner said, at times pounding the podium. "And no, now we are going to have a battle above women's health. Give me a break! This is the latest plank in the so-called war on women fully created by colleagues across the aisle for political gain."<br />
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Calling for a assessment of "the facts," Boehner stated Obama's proposed finances named for lowering the exact same health treatment fund, which he labeled a "slush fund."<br />
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"You could have previously forgotten that many months ago, you all voted to lower $4 billion out of this slush fund to pay for the payroll credit bill" that prolonged a payroll tax cut, Boehner continued, shouting, "So, to accuse us of seeking to gut women's health is definitely not true."<br />
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On Thursday, Senate Vast Majority Leader Harry Reid, D-Nevada, took exception to Republicans characterizing the well being care fund as something inappropriate or sinister.<br />
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"You call preventive treatment a 'slush fund'? I mean, they ought to be ashamed of themselves," Reid said. "This is conserving people's lives, saving the region massive quantities of money."<br />
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Asked about the payroll tax vote at a Friday information conference, Residence Democratic leader Nancy Pelosi, D-California, said Democrats were not happy about using dollars from the fund for the payroll tax evaluate at the time and now want to make certain that the relaxation of the cash stays in the fund.<br />
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On the Property floor, Pelosi stated House Republicans were pressured by Obama's publicizing of the situation to reverse their earlier opposition to holding the interest rates on federal student loans at the existing 3.4% as an alternative of allowing them double to 6.8% on July 1.<br />
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She said the Home price range proposal by Rep. Paul Ryan, R-Wisconsin, called for allowing the interest fee to double in July, and that House Republicans had backed the prepare as not too long ago as final week.<br />
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The new Home measure would remove the Prevention and Public Wellbeing Fund, Pelosi said, accusing Republicans of safeguarding tax subsidies for the oil business although wanting "mom and kids to shell out the price."<br />
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On Wednesday, Obama took on Boehner by name, telling college students at the College of Iowa a spokesman in the speaker's office thought the president's concentrate on pupil loans is an effort to "distract folks from the economy."<br />
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The president advised a rowdy audience, "Now assume about that for a second, due to the fact these men do not get it." He advised the cheering crowd, "If you do well, the economic system does well. This is about the economy. What economy are they conversing about? You are the economy."<br />
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A few several hours later, Boehner announced a Friday vote on the House evaluate and hit back again at the president saying, "This week the president is campaigning and making an attempt to invent a battle wherever there is none and never ever has been on this concern of pupil loans."<br />
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On Tuesday night, Democratic Sens. Jack Reed of Rhode Island, Tom Harkin of Iowa and Sherrod Brown of Ohio launched the Democratic proposal. It would freeze the existing curiosity fee for one particular yr and spend for it by closing a loophole on "S corporations," a tax structure Democrats say can be utilized to prevent paying out Social Protection and Medicare taxes.<br />
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The Republican proposal in Property also extends the latest price for one particular year, but it handles the expense by dipping into the wellness care fund supposed to advertise wellness, avoid illness and safeguard versus public health emergencies.<br />
visit us for more [http://theelection.tv/barack-obama Romney News]</div>Sun, 29 Apr 2012 21:59:18 GMTNethertonMetcalf475http://beta.aalf.org/wiki/index.php?title=User_talk:NethertonMetcalf475