1 year ago

Biden continues to compare student loan handout to PPP, slams Republicans as hypocrites
Biden says, 'I don't wanna hear a word' from Republicans who received PPP loans
President Biden on Saturday again slammed Republicans who received small business relief loans during the COVID-19 pandemic but now criticize his action to forgive hundreds of billions in student loan debt.

During a Congressional Black Caucus Foundation event in Washington D.C., Biden compared his executive action to cancel $10,000 of federal student loan debt for certain borrowers making less than $125,000 per year, and up to $20,000 for Pell Grant recipients, to the Paycheck Protection Program (PPP) established by the CARES Act, which passed Congress with bipartisan support during the Trump administration.

Several Republicans who are now critical of Biden’s student loan handout ran small businesses, or were associated with companies, that applied for and received PPP loans in 2020 and 2021, which have since been forgiven.

"I don't wanna hear a word from those members of Congress, if you notice, whose families got tens of thousands of dollars and several million dollars in pandemic relief loan forgiveness," Biden said Saturday. "The same ones criticizing. Give me a break. Come on."

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