White House shines light on Republicans who are criticizing student debt cancellation after getting their PPP loans forgiven
The White House hit back at Republicans in an uncharacteristic manner Thursday by using its Twitter account to go after GOP lawmakers who are bashing President Joe Biden's move to cancel some student debt after they personally benefited from having Paycheck Protection Program loans forgiven during the Covid pandemic.
In a series of tweets, the White House highlighted several congressional Republicans — Reps. Vern Buchanan of Florida, Marjorie Taylor Greene of Georgia, Mike Kelly of Pennsylvania, and Markwayne Mullin and Kevin Hern of Oklahoma — who it said had six- and seven-figure PPP loans forgiven as part of a federal program intended to help those harmed by the coronavirus.
Like many of their GOP colleagues, the lawmakers have blasted Biden over his student loan decision.
Greene, who said on Newsmax that “it’s completely unfair” for student loans to be forgiven, had $183,504 in PPP loans forgiven, according to the White House.
Congresswoman Marjorie Taylor Greene had $183,504 in PPP loans forgiven.https://t.co/4FoCymt8TB
— The White House (@WhiteHouse) August 25, 2022
Kelly, who tweeted that Biden's move was poised to benefit “Wall Street advisors” at the cost of “plumbers and carpenters,” had $987,237 forgiven, the White House said.
Congressman Mike Kelly had $987,237 in PPP loans forgiven.https://t.co/Syb5Oe8gDG
— The White House (@WhiteHouse) August 25, 2022
Buchanan, who according to the White House had more than $2.3 million in PPP loans forgiven, tweeted that Biden’s move was “reckless” and a “unilateral student loan giveaway.”
As a blue-collar kid who worked his way through college, I know firsthand the sacrifices people make to receive an education.
Biden’s reckless, unilateral student loan giveaway is unfair to the 87 percent of Americans without student loan debt and those who played by the rules. pic.twitter.com/pwMrfgF7St— Rep. Vern Buchanan (@VernBuchanan) August 24, 2022
Under Biden's student debt plan, borrowers who earn less than $125,000 a year, or $250,000 for couples who file taxes jointly, will be eligible for up to $10,000 in debt cancellation. Pell Grant recipients, who make up the majority of student loan borrowers, will be eligible for an additional $10,000 in debt relief, for a total of $20,000.
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The Paycheck Protection Program was promoted in 2020 as offering loans that could be forgiven if the companies spent the money on business expenses. The requirements for federal student loan forgiveness have been much more stringent over the years.
The White House also highlighted criticism and PPP loan forgiveness amounts from Mullin (more than $1.4 million) and Hern (more than $1 million).
NBC News has reached out to all five lawmakers for comment.
Mullin responded to the White House on Twitter by saying Biden was unfairly targeting business owners for “protecting their employees” during the height of the pandemic.
Another ignorant attack from a career politician who has never created a single job.
74 days before midterms, Joe Biden is targeting business owners for protecting their employees from government lockdowns. President Trump always supported American workers and job creators. https://t.co/D9zNSUVOno— Markwayne Mullin (@RepMullin) August 26, 2022