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Ms. WARREN. Mr. President, I support simplifying student loans--the
motion that just passed 97 to 0--and I commend Senators King and Burr,
but it is not enough. We need to cut the interest rate on student
loans. The Federal Government should not be making a profit off the
backs of our kids who are trying to get an education.
This bill is paid for by asking millionaires and billionaires to pay
taxes at the same rate as middle-class families.
This is a bill which really puts it to the Senate. Are we here to
work just for the millionaires and billionaires or are we here to work
for young people who are trying to get an education? This Senate works
all the time for billionaires. Today, I hope we can make it work for
our students.
I urge adoption of this motion.
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