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Revision history for this page on the wikienMediaWiki 1.13.3Tue, 03 Nov 2026 19:46:11 GMTJankowskiLemmons439: New page: Election News The White Property mentioned Friday that President Barack Obama would veto a Republican evaluate handed by the Residence to extend reduce interest rates on federal college s...
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<p>New page: Election News The White Property mentioned Friday that President Barack Obama would veto a Republican evaluate handed by the Residence to extend reduce interest rates on federal college s...</p>
<p><b>New page</b></p><div>Election News<br />
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The White Property mentioned Friday that President Barack Obama would veto a Republican evaluate handed by the Residence to extend reduce interest rates on federal college student loans due to the fact it requires cash from a health care fund that rewards women.<br />
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A White House statement mentioned Obama's senior advisers would recommend a veto if the Property measure, which passed 215-195 on a mostly party-line vote, had been to win Senate approval and get to the president's desk.<br />
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"Women, in particular, will reward from this avoidance fund, which would present for hundreds of countless numbers of screenings for breast and cervical cancer," the White Home assertion said. "This is a politically determined proposal and not the severe reaction that the issue going through America's university students deserves. If the president is introduced with H.R. 4628, his senior advisers would advocate that he veto the bill."<br />
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Obama favors extending the latest lower interest rates on student loans but would find a different way to spend the $6 billion cost.<br />
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A proposal by Senate Democrats would shell out for the measure by ending some tax loopholes for corporations, a shift opposed by Republicans. The House strategy would rather just take the cash from the wellness care fund, which is aspect of the 2010 Affordable Care Act detested by Republicans.<br />
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House Speaker John Boehner, R-Ohio, proposed the GOP's pupil mortgage evaluate this week in the face of a high-profile marketing campaign by Obama that rallied college pupils -- a essential component of the essential youth vote in November -- to pressure Congress to extend the decrease university student loan rates.<br />
In addition, certain Republican presidential nominee Mitt Romney pinned Boehner and congressional Republicans in a corner by coming out in favor of the lower rates this week.<br />
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House Republicans beforehand backed a finances strategy that called for letting the decrease interest prices on university student loans expire on July 1.<br />
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In an psychological floor speech Friday, Boehner labeled the issue a fake fight mounted by Democrats for political advantage.<br />
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"People want to politicize this simply because it is an election year, but my God, do we have to battle about everything?" Boehner said, at occasions pounding the podium. "And no, now we are likely to have a battle over women's health. Give me a break! This is the most recent plank in the so-called war on females completely developed by colleagues throughout the aisle for political gain."<br />
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Calling for a assessment of "the facts," Boehner explained Obama's proposed finances named for lowering the identical health care fund, which he labeled a "slush fund."<br />
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"You may have by now forgotten that a number of months ago, you all voted to slice $4 billion out of this slush fund to pay out 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 absolutely not true."<br />
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On Thursday, Senate Greater Part Leader Harry Reid, D-Nevada, took exception to Republicans characterizing the wellness care fund as something inappropriate or sinister.<br />
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"You phone preventive treatment a 'slush fund'? I mean, they must be ashamed of themselves," Reid said. "This is saving people's lives, saving the nation huge quantities of money."<br />
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Asked about the payroll tax vote at a Friday news conference, Home Democratic leader Nancy Pelosi, D-California, explained Democrats weren't joyful about using funds from the fund for the payroll tax measure at the time and now want to make sure that the rest of the dollars stays in the fund.<br />
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On the Residence floor, Pelosi stated House Republicans were compelled by Obama's publicizing of the situation to reverse their earlier opposition to holding the curiosity charges on federal pupil 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 explained the House budget proposal by Rep. Paul Ryan, R-Wisconsin, called for permitting the curiosity price to ambigu in July, and that Property Republicans had backed the prepare as just lately as last week.<br />
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The new Home measure would eliminate the Avoidance and Manifeste Well Being Fund, Pelosi said, accusing Republicans of safeguarding tax subsidies for the oil market even though seeking "mom and young children to pay 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 environment thought the president's focus on pupil loans is an hard work to "distract people from the economy."<br />
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The president instructed a rowdy audience, "Now believe about that for a second, since these guys do not get it." He informed the cheering crowd, "If you do well, the economy does well. This is about the economy. What economic climate are they speaking about? You are the economy."<br />
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A number of hrs later, Boehner announced a Friday vote on the Residence evaluate and hit back 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 problem of university student 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 introduced the Democratic proposal. It would freeze the existing curiosity price for a single yr and pay out for it by closing a loophole on "S corporations," a tax composition Democrats say can be employed to stay away from paying Social Security and Medicare taxes.<br />
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The Republican proposal in Residence also extends the current rate for 1 year, but it addresses the cost by dipping into the well being care fund meant to promote wellness, avert illness and shield in opposition to manifeste well being emergencies.<br />
visit us for more [http://theelection.tv/barack-obama Romney Election]</div>Sun, 29 Apr 2012 22:04:17 GMTJankowskiLemmons439http://www.aalf.org/wiki/index.php?title=Talk:JankowskiLemmons439