171 Republican lawmakers join effort to stop Biden administration's federal student debt cancellation plan.
The House GOP brief included 25 members on Foxx's committee and roughly 100 other lawmakers. House Speaker Kevin McCarthy did not sign it, though Majority Leader Steve Scalise, Majority Whip Tom Emmer and House Judiciary Chairman Jim Jordan did.
After legal challenges last year saw the forgiveness program halted by lower courts, the Supreme Court announced in December that it will hear oral arguments on the issue at the end of February.US President Joe Biden speaks about student debt relief at Delaware State University in Dover, Delaware, Oct. 21, 2022.
Rep. Virginia Foxx speaks at a press conference at the U.S. Capitol, March 09, 2021 in Washington, DC.Foxx told ABC News in an interview last month that she believes it is an "injustice" for taxpayers to fund the administration's "scheme." The plan would cost $400 billion, according to an estimate from the nonpartisan Congressional Budget Office, and its nearly half-a-trillion-dollar price tag worries Rep. Jeff Duncan, R-S.C.
The U.S. Education Department has said the president's decision to cancel up to $10,000 for some loan recipients -- those who made less than $125,000 on their 2020 or 2021 taxes or $250,000 filing jointly -- or $20,000 for low-income recipients who received Pell grants could impact roughly 43 million Americans who owe $1.6 trillion in student loans.
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