PPP loan

Supporters of Joe Biden's plan to cut student debt have pointed to another program that offered loan write-offs—including some to businesses owned by GOP ...

[posted](https://twitter.com/JudiciaryGOP/status/1562485669339213827): "If you take out a loan, you pay it back. She has criticized the president's student debt plan in appearances on [Newsmax](https://www.newsweek.com/topic/newsmax) and Real America's Voice. In a reply to Harvard Law School professor Laurence Tribe, who welcomed Biden's announcement, Trump Jr. Period." [Mitch McConnell](https://www.newsweek.com/topic/mitch-mcconnell) said it was a " [slap in the face](https://www.newsweek.com/borrowers-paid-student-loan-debt-feel-punished-joe-biden-white-house-forgiveness-plan-1736666) to working Americans who sacrificed to pay their debt or made different career choices to avoid debt." [Joe Biden](https://www.newsweek.com/topic/joe-biden) announced his plan to [slash student debt for millions of Americans](https://www.newsweek.com/how-get-student-loan-debt-forgiveness-joe-biden-white-house-plan-1736543) on Wednesday, [Republicans](https://www.newsweek.com/topic/republicans) argued that the program would transfer money from blue-collar Americans to wealthy graduates.

When a reporter asked Joe Biden yesterday if bailing out (largely well-heeled) students was fair to those who chose not to take out loans, the president ...

Nate Silver also [called](https://twitter.com/NateSilver538/status/1562549469165469697) Biden’s edict a “transactional” piece of public policy, “directly serving the interests of the people who elected you.” It’s “extremely common…” he went on to say, adding that it was just like “the Trump tax cuts were.” But those who believe the president should be empowered to change the parameters of existing loans by fiat — relying on bogus decades-old “national emergency” legal rationalizations — without any debate or vote, are defending lawlessness. Of course, tax cuts also merely let people keep their own money (sometimes it seems the left believes every dollar belongs to the state, which then bequeaths it to the citizen at their pleasure.) They were structured to be forgivable “loans” before the law was passed. Second, PPP loans, unlike student loans, were intended to be cash transfers from the government. First, PPP loans were enacted by the government to stave off economic ruin it had initiated.

Data shows that Marjorie Taylor Greene's company, Taylor Commercial, Inc., had $183504 in Paycheck Protection Program loans forgiven.

The majority of the relief issued in April 2020 was used for payroll, according to the data. [forgive $10,000 of student debt](https://www.businessinsider.com/student-loan-forgiveness-faq-what-you-need-to-know-eligibility-2022-8) for most borrowers, fulfilling a campaign promise and extending relief to millions of borrowers. [ProPublica](https://projects.propublica.org/coronavirus/bailouts/loans/taylor-commercial-inc-1932537103), a tracking site that uses data from the Small Business Association, shows that Taylor Green was one of several Republican members of Congress who had private loans forgiven. [Newsmax TV](https://www.youtube.com/watch?v=sGhwIYLAuiw), Taylor Greene said the plan was unfair to taxpayers who had never taken out a student loan. [public data.](https://projects.propublica.org/coronavirus/bailouts/loans/taylor-commercial-inc-1932537103) [Newsmax TV.](https://www.youtube.com/watch?v=sGhwIYLAuiw)

Those loudest against even a shred of student debt relief are the same people that took 10x (and more) in PPP loans and had those loans forgiven.

Some of these people are the usually suspects and were to be expected, but Ari Drennen at Media Matters made sure even the less well-known (but just as influential) people trying to pull this stunt were called out too. Meanwhile, these are the same people who gleefully voted for and applauded Trump’s $2 trillion in tax cuts to benefit corporations and the ultra-rich. This is wielded as one more cultural wedge to drive through America, as evidenced by one Tweet which derisively declares that the working class will be paying for “doctorate degree gender studies living in California.” The GOP is trying to paint those who sought an education as privileged and now freeloading, and sitting Congressmen are telling their constituents that they are paying for others’ education in an attempt to get them up in arms. However, what’s not understandable are those mad and calling it [unfair to other Americans](https://www.themarysue.com/student-loan-debt-forgiveness-big-mad/), especially when in the last two years you’ve had debt forgiven, and we have the records to prove it. The loudest of these upset don’t have much room to talk a variety of reasons, but mostly because they had, [partial student loan relief](https://www.themarysue.com/biden-student-loan-forgiveness-plan-explained/) for graduated and existing students has many people in a tiff.

President Joe Biden calls out House Republicans who criticized student loan forgiveness.

Three-quarters of the benefit from the tax cuts outlined in the act would go to the top 1% of earners, per an analysis by the Tax Foundation. The Georgia Republican added that Biden's debt forgiveness policy is a scheme to bring in Democratic votes during the November midterm elections. A Paycheck Protection Program loan of $182,200 given to Greene's company, Taylor Commercial Inc., in April 2020 was forgiven with accrued interest, according to "Biden's debt transfer scam will make inflation even worse and does nothing to stop the runaway cost of college for most families," McCarthy posted on Twitter Wednesday. [owe $1.7 trillion in student loan debt](https://www.cnbc.com/2022/08/24/biden-expected-to-cancel-10000-in-federal-student-loan-debt-for-most-borrowers.html). Pell Grant recipients can have up to $20,000 of debt canceled. [pause on student loan debt repayments](https://twitter.com/POTUS/status/1562462774969581570?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1562462774969581570%7Ctwgr%5Ee24ee787fd95e0697b53aa6d9baa7bbf2a1335c8%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fwww.cnbc.com%2F2022%2F08%2F24%2Fbiden-expected-to-cancel-10000-in-federal-student-loan-debt-for-most-borrowers.html) to Dec. [cost the federal government around $244 billion](https://www.cnbc.com/2022/08/24/biden-expected-to-cancel-10000-in-federal-student-loan-debt-for-most-borrowers.html), according to higher education expert Mark Kantrowitz. [Donald Trump](https://www.cnbc.com/donald-trump/) signed the [Tax Cuts and Jobs Act](https://www.cnbc.com/2017/05/15/rich-would-get-1-trillion-tax-cut-under-trumps-tax-loophole.html) — passed by a Republican-controlled Congress — into law in 2017. [cancellation of up to $10,000 in federal student loan debt](https://www.cnbc.com/2022/08/24/biden-expected-to-cancel-10000-in-federal-student-loan-debt-for-most-borrowers.html) for borrowers earning under $125,000 a year or $250,000 for married couples or heads of households. [debt relief is capped](https://studentaid.gov/debt-relief-announcement/) at the amount of the borrower's outstanding debt, according to the Education Department. [Joe Biden](https://www.cnbc.com/joe-biden/) slammed congressional Republicans who criticized student loan forgiveness after passing tax cuts for the rich.

The White House name-dropped six GOP members of Congress whose businesses received six- or seven-figures' worth of PPP loan forgiveness.

[took out loans](https://www.forbes.com/sites/nicholasreimann/2021/10/08/joel-osteens-megachurch-reportedly-paying-back-44-million-ppp-loan/?sh=741e34eb638f). [a barrage of criticism](https://www.forbes.com/sites/nicholasreimann/2022/08/24/progressives-praise-bidens-student-debt-cancellation-as-gop-and-moderates-voice-concern/?sh=446bcc7974da) from Republican lawmakers for his move Wednesday to cancel $10,000 in federal student loan debt for borrowers making less than $125,000 a year, with $20,000 in debt relief for those under the income threshold who received Pell Grants. A [study](https://www.stlouisfed.org/publications/regional-economist/2022/jul/was-paycheck-protection-program-effective) published last month by the Federal Reserve Bank of St. Senate Majority Leader Mitch McConnell (R-Ky.) was among the first lawmakers to speak out against the plan, castigating it as "a slap in the face to every family who sacrificed to save for college." It has been marred by reports of fraud and abuse, and instances in which larger and more well-heeled employers [account](https://twitter.com/WhiteHouse/status/1562916200866267138?s=20&t=lgKh7i95Nt6Sz3pkeXH0IQ) quote-tweeted criticisms of Biden's plan voiced by Republican Reps. The six tweets in the White House's thread were the six most popular on the platform published between 4 p.m. [Progressives Praise Biden’s Student Debt Cancellation As GOP And Moderates Voice Concern](https://www.forbes.com/sites/nicholasreimann/2022/08/24/progressives-praise-bidens-student-debt-cancellation-as-gop-and-moderates-voice-concern/?sh=446bcc7974da) (Forbes) [Biden’s Student Loan Forgiveness Plan: Here’s Who Benefits Most—And Least](https://www.forbes.com/sites/dereksaul/2022/08/24/bidens-student-loan-forgiveness-plan-heres-who-benefits-most-and-least/?sh=c02248d64133) (Forbes) [Joel Osteen’s Megachurch Reportedly Paying Back $4.4 Million PPP Loan](https://www.forbes.com/sites/nicholasreimann/2021/10/08/joel-osteens-megachurch-reportedly-paying-back-44-million-ppp-loan/?sh=741e34eb638f) (Forbes) Matt Gaetz (R-Fla.) critical of funding the Ukrainian military. and 7 p.m. [received PPP loans](https://www.washingtonpost.com/business/2020/07/06/sba-ppp-loans-data/), as did several of Kelly’s car dealerships and a [company owned by](https://projects.propublica.org/coronavirus/bailouts/loans/taylor-commercial-inc-1932537103) [Greene’s family](https://disclosures-clerk.house.gov/public_disc/financial-pdfs/2020/10042733.pdf). [student loan debt](https://www.forbes.com/sites/dereksaul/2022/08/24/bidens-student-loan-forgiveness-plan-heres-who-benefits-most-and-least/?sh=c02248d64133) for many borrowers, pointing out that some of the critics’ businesses had more than $1 million in federal loans forgiven as part of the pandemic-era Paycheck Protection Program.

The White House on Thursday called out Rep. Marjorie Taylor Greene's (R-Ga.) criticism of President Biden's plan to forgive some student loans, ...

[also announced yet another extension](https://thehill.com/homenews/administration/3611977-biden-cancels-some-student-loan-debt-extends-pandemic-payment-pause/#:~:text=Loan%20payments%20were%20first%20put,more%20than%2040%20million%20Americans.) of a freeze on federal student loan repayments and interest accrual, just before the Aug. The White House Twitter account has created a thread below its response to Greene’s criticism, with similar responses to other Congressional critics of the student loan debt announcement. [Data from ProPublica shows the loan and accrued interest](https://projects.propublica.org/coronavirus/bailouts/loans/taylor-commercial-inc-1932537103) for Greene’s company, Taylor Commercial, Inc., which reportedly would go to payroll, was forgiven. [Rising](https://thehill.com/hilltv/rising/) [THE HILL TV](https://thehill.com/hilltv/) [See all Hill.TV](https://thehill.com/hilltv) [See all Video](https://thehill.com/video) [Administration](https://thehill.com/homenews/administration/) [National Security](https://thehill.com/policy/national-security/) [News](https://thehill.com/blogs/blog-briefing-room/news/) [Education](https://thehill.com/changing-america/enrichment/education/) [See All](https://thehill.com) The congressmen whose PPP loan amounts were revealed include Reps. “That’s not fair.” [Biden](https://thehill.com/people/biden/) [House of Representatives](https://thehill.com/organization/house-of-representatives/) [Joe Biden](https://thehill.com/tag/joe-biden/) [loan freeze](https://thehill.com/tag/loan-freeze/) [Marjorie Taylor Greene](https://thehill.com/tag/marjorie-taylor-greene/) [Newsmax](https://thehill.com/company/newsmax/) [ppp loans](https://thehill.com/tag/ppp-loans/) [ProPublica](https://thehill.com/company/propublica/) [Student loan forgiveness](https://thehill.com/tag/student-loan-forgiveness/) [student loans](https://thehill.com/tag/student-loans/) [Taylor Commercial Inc.](https://thehill.com/company/taylor-commercial-inc/) [White House](https://thehill.com/organization/white-house/) [House](https://thehill.com/homenews/house/) [House](https://thehill.com/homenews/house/) [Healthcare](https://thehill.com/policy/healthcare/) [News](https://thehill.com/blogs/blog-briefing-room/news/) [See All](https://thehill.com/homenews/house/) [has garnered praise from Democrats](https://thehill.com/homenews/administration/3614316-progressives-hail-biden-for-action-on-student-loans/), while Republicans [have criticized the economics](https://thehill.com/policy/finance/3566666-gop-ramps-up-efforts-to-rein-in-biden-on-student-debt/). [responded on Wednesday to reporters’ questions](https://thehill.com/homenews/administration/3614741-asked-if-student-debt-relief-is-fair-biden-takes-jab-at-gop-tax-cuts/) about whether the debt forgiveness is unfair to those who have already paid off or chose not to take out loans, taking a swing at tax cuts on the rich. 31 expiration date set [when the deadline was last pushed back](https://thehill.com/homenews/administration/3259770-biden-extends-student-loan-freeze-through-august/). [knocking the just-announced debt cancellation](https://thehill.com/homenews/administration/3611977-biden-cancels-some-student-loan-debt-extends-pandemic-payment-pause/) in a Newsmax interview as “completely unfair.” [said in the Newsmax interview](https://www.youtube.com/watch?v=sGhwIYLAuiw), which aired Wednesday.

Joe Biden says he will never apologise for 'helping America's middle class' as critics say cancelling debt is unfair.

“This will help free borrowers—especially borrowers of color—from the crushing burden of student loan debt and help make higher education accessible and affordable to all,” senior House Democrat Jim Clyburn wrote on Twitter on Wednesday. We cannot continue to trap another generation of Americans in this cruel cycle,” Democratic Senator Michael Bennet said in a statement. The idea that average taxpayers will be paying off the loans of wealthier college graduates has been a constant theme against student debt cancellation. My Administration is ensuring that no high-income individual or household in the top 5% will benefit from debt cancellation.” Biden also emphasised that point on Thursday, writing on Twitter: “Student debt relief must go to those who really need it. “As someone who’s paying off my own family’s student loans, I know the costs of higher education are too high,” Ryan said in a statement.

"Congresswoman Marjorie Taylor Greene had $183504 in PPP loans forgiven," the White House tweeted.

[DOJ ordered to release redacted Mar-a-Lago search warrant affidavit](/2022/08/25/mar-a-lago-search-fbi-release-judge) [MAGA Republicans](https://www.axios.com/2022/06/19/texas-gop-convention-maga) don't just threaten our personal rights and economic security," [Biden said](https://www.pbs.org/newshour/politics/watch-biden-calls-for-democrats-to-vote-in-midterm-elections-slams-semi-fascism-in-gop). They refuse to accept the will of the people. They don't believe in democracy. Mike Kelly (R-Pa.) tweeted, "Asking plumbers and carpenters to pay off the loans of Wall Street advisors and lawyers isn’t just unfair. Marjorie Taylor Greene (R-Ga.) saying, "For our government just to say, 'OK, your debt is completely forgiven.' ... They embrace ... [Axios' Josh Kraushaar](https://www.axios.com/2022/08/25/democrats-student-loan-backlash) reports. It's also bad policy." [$987,237](https://twitter.com/WhiteHouse/status/1562916210819436544?s=20&t=TlUTXEN01K4-Z7UqB02N6g), Mullin at over [$1.4 million](https://twitter.com/WhiteHouse/status/1562916206419509248?s=20&t=TlUTXEN01K4-Z7UqB02N6g) and Hern at over [$1 million](https://twitter.com/WhiteHouse/status/1562916208441180161?s=20&t=TlUTXEN01K4-Z7UqB02N6g). [Biden administration's plan](https://www.axios.com/2022/08/24/student-loan-forgiveness-debt-cancel-biden) cancels up to $20,000 in student debt for [Pell Grant recipients](https://www.axios.com/2022/08/24/pell-grants-student-loan-forgiveness) and up to [$10,000](https://www.axios.com/2022/08/23/biden-expected-student-loan-forgiveness) for individual borrowers who make under $125,000 per year. It's completely unfair."

Biden rips Republicans for criticizing his massive student debt forgiveness the same day on Twitter: 'I will never apologize for helping America's middle ...

Kevin Hern (R-OK), who it says, had over $1 million in PPP loans forgiven; and Rep. Markwayne Mullin (R-OK), who it says, had over $1.4 million in PPP loans forgiven; Rep. Vern Buchanan (R-FL), who it says, had over $2.3 million in PPP loans forgiven; Rep. Matt Gaetz (R-FL), who it says, had $482,321 in PPP loans forgiven. Loan forgiveness, like the Inflation Reduction Act before it that addressed climate change and health care, is giving Biden some policy wins to point to. [wrote](https://twitter.com/SenTedCruz/status/1562479098454085634?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1562479098454085634%7Ctwgr%5E1ea0734357ec1e6d02d8823b55e801eb3f316485%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Ffortune.com%2F2022%2F08%2F24%2Fbiden-student-loan-forgiveness-reactions-politicians-economists-warren-sanders-cruz-mcconnell%2F) on Twitter.

President Joe Biden released details Wednesday of a student loan debt relief program, aimed at easing burdens impacting 43 million Americans. A day after ...

Matt Gaetz, ($482,321 forgiven) as well as several others, six in all. Vern Buchanan, who had more than $2.3 million in PPP loans forgiven as well as Congressman MarkwayneMullin ($1.1 million forgiven) and Rep. This after Greene appeared on television saying, "for our government just to say OK, your debt is completely forgiven ...

The White House called out members of Congress objecting to student loan forgiveness, tweeting how much of their own PPP debt was forgiven.

The White House isn't breaching anyone's privacy by tweeting out these representatives' PPP debt forgiveness numbers. This was particularly ironic considering that many of these critics' own Paycheck Protection Program (PPP) loans had previously been forgiven by the government as well. Predictably, this caused certain others to loudly object to the perceived injustice of it all — few as loudly as the conservative members of Congress.

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 ...

The requirements for federal student loan forgiveness have been 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. 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 tens of thousands of dollars in PPP loans forgiven as part of a federal program intended to help those harmed by the coronavirus. [tweeted](https://twitter.com/VernBuchanan/status/1562476231790137344) that Biden's move was “reckless” and a “unilateral student loan giveaway.” [“it’s completely unfair”](https://twitter.com/WhiteHouse/status/1562916200866267138) for student loans to be forgiven, had $183,504 in PPP loans forgiven, according to the White House. [tweeted ](https://twitter.com/MikeKellyPA/status/1562505333456896002)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.

Critics of President Biden's student loan forgiveness plan are being called out with Paycheck Protection Program (PPP) loan receipts.

The PPP loans were given to people and businesses during the worst of the pandemic — even if, sometimes, those who didn't necessarily need the money received it. [announced](https://www.nytimes.com/2022/08/24/business/biden-student-loan-forgiveness.html) Wednesday (Aug. So it's natural folks went digging once the complaints of student loan debt forgiveness began popping up on our Twitter feeds.

Biden announced on Wednesday a plan by the federal government to forgive $10,000 of federal student loan debt, and an additional $10,000 for Pell grant ...

officials unveil $40 million proposal to make classrooms safer](https://www.masslive.com/politics/2022/08/in-wake-of-uvalde-texas-school-shooting-mass-officials-unveil-40-million-proposal-aimed-at-making-classrooms-safer.html) [wrote](https://twitter.com/RepMullin/status/1562965906572972032). Kevin Hern for having over $1 million in PPP loans forgiven. [responded](https://twitter.com/jonathanolsen31/status/1563123449886674947) to Gorka. [tweeted](https://twitter.com/Neoavatara/status/1562988977682251777). “Taxpayers that never took out a student loan, taxpayers that pay their bills and maybe never went to college and are just hard working people, they shouldn’t have to pay off the great big student loan debt for some college student.” [tweeted](https://twitter.com/71Elvis77/status/1563004055206518787). Markwayne Mullin for having over $1.4 million in PPP loans forgiven and Rep. Small Business Administration during the COVID-19 pandemic. Vern Buchanan for having over $2.3 million in PPP loans forgiven, Rep. [Gorka](https://twitter.com/SebGorka/status/1563063240082370560), a former deputy assistant to President Trump, tweeted. “It’s completely unfair,” said Rep.

Marjorie Taylor Greene said for the government to say debt is forgiven "is completely unfair." The White House tweeted back that she had more than $183000 ...

He had more than $1.4 million in PPP loans forgiven, according to the White House. According to the White House, Greene and others benefited heavily from this loan forgiveness. Markwayne Mullin of Oklahoma said farmers, ranchers, small business owners and teachers in his state don't need to be "paying the debts of Ivy League lawyers and doctors across the U.S." "And taxpayers all over the country, taxpayers that never took out a student loan, taxpayers that pay their bills and maybe even never went to college and are just hardworking people, they shouldn't have to pay off the great big student loan debt for some college student that piled up massive debt going to some Ivy League school. "I know firsthand the sacrifices people make to receive an education," he said. Pell Grants declined by 39% during that time and veterans' benefits declined by 3%. Biden's plans, and said that forgiving student loans isn't fair for those who didn't go to college. The program was sometimes plagued by fraud. "For our government just to say, 'OK, well your debt is completely forgiven'...it's completely unfair," she said, according to a clip of the broadcast that was shared by the White House. After some Republican lawmakers tweeted or went on broadcasts to condemn the decision, the White House Twitter page responded by quote tweeting their comments – and sharing just how much each of them benefited from having their Paycheck Protection Program loans forgiven. Under the plan, borrowers who earn less than $125,000 will be eligible to have Those in that income range who had Pell Grants in college will be eligible for an additional $10,000 in forgiveness.

He's canceling an additional $10,000 for those who received federal Pell Grants to attend college. Biden also extended a pause on federal student loan payments ...

Mike Kelly of [Pennsylvania](https://www.fox29.com/tag/us/pa). The pause is now set to run through the end of the year, with repayments to restart in January. Vern Buchanan and Matt Gaetz of [Florida](https://www.fox35orlando.com/tag/us/fl); Reps. Marjorie Taylor Greene](https://www.fox5atlanta.com/tag/people/marjorie-taylor-greene) of Georgia; Reps. They also argued that PPP loans were approved by Congress, unlike the executive action Biden took this week on student loan forgiveness. About 60% of borrowers are recipients of federal Pell Grants, which are reserved for undergraduates with the most significant financial need, meaning more than half can get $20,000 in relief.