Romney blasts proposals to cancel student debt after Biden signals willingness

Sen. Mitt Romney took to Twitter on Wednesday to criticize Democratic proposals to cancel student loan debt after President Joe Biden reportedly indicated this week that he will move to forgive some student debt.

The Utah Republican and 2012 GOP presidential nominee suggested the move might be a bid to improve Biden’s low approval rating before November’s midterm elections.

“Desperate polls call for desperate measures: Dems consider forgiving trillions in student loans,” Romney wrote. “Other bribe suggestions: Forgive auto loans? Forgive credit card debt? Forgive mortgages? And put a wealth tax on the super-rich to pay for it all. What could possibly go wrong?”

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Biden signaled to members of the Congressional Hispanic Caucus on Monday that he may soon take action, according to the Washington Post.

Biden embraced some student loan forgiveness on the campaign trail in 2020 but has not yet taken action beyond extending a pause on student loan payments during the coronavirus pandemic implemented by then-President Donald Trump. A group of Senate Republicans led by Minority Whip John Thune introduced a bill on Wednesday to block Biden from stalling or canceling payments. The moratorium is in place until Aug. 31.

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Romney and Democratic Sen. Kyrsten Sinema of Arizona last year introduced a bill they said would make college more affordable for more students by establishing educational savings accounts with some matched funds modeled off a comparable measure in Arizona.

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