On Tuesday, Congressman Mike Fitzpatrick voted with Republicans to block H.R. 4582, the Bank on Students Emergency Loan Refinancing Act, which is the House version of Senator Elizabeth Warren’s companion bill that would allow students to refinance their loans at much lower rates than they are currently paying today, Democratic candidate for Congress in PA-8 Kevin Strouse said.
“Congressman Fitzpatrick’s Republican budget charges students $40 billion more in loan interest, in order to pay for more tax breaks for those who need help the least,” said Strouse campaign officials.
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“Today’s vote was the latest in a record that clearly places the interests of banks above those of students,” the Strouse campaign contends.
“Once again, Congressman Fitzpatrick gave us a clear view of his priorities when he voted with the Republicans against a bill that would lower the cost of education for students. Congressman Fitzpatrick has no problem standing up for tax breaks for the bankers and special interests he is supposed to regulate as a member of the House Financial Services Committee–but when it comes to helping Bucks County students and their families pay for college, Fitzpatrick turns his back on them” Strouse said.
Strouse added, “Congressman Fitzpatrick continues to vote to protect the interests of wealthy bankers, while ignoring the needs of the middle-class.”
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Tuesday’s vote, said the Strouse campaign, was the latest in a record that clearly places the interests of banks above those of students.
“If America is going to succeed in a 21st century economy, we need to have the best-educated, best-trained workforce possible, and Congressman Fitzpatrick voting against making college more affordable for students in Pennsylvania’s 8th District is exactly the kind of representation we do not need in Washington,” Strouse said.
