[Congressional Record (Bound Edition), Volume 158 (2012), Part 4]
[House]
[Page 5642]
[From the U.S. Government Publishing Office, www.gpo.gov]




                              {time}  1220
                        LET'S HELP THE STUDENTS

  (Mr. DeFAZIO asked and was given permission to address the House for 
1 minute.)
  Mr. DeFAZIO. Mr. Speaker, the House Republicans want to play politics 
on the issue of doubling the student loans. They say, well, the 
reduction in student loan interest rates was never supposed to be 
permanent. Guess what. The Bush tax cuts, which I voted against, for 
millionaires and billionaires were never supposed to be permanent 
either, but you're fighting to preserve them every step of the way.
  We can do one simple thing here. If we raised the tax rate on income 
over $350,000 only from 35 to 36 percent, we could give millions of 
students a more affordable education with lower interest rates. Those 
who have already made it would share a little bit of the burden to help 
those who want to be the next generation of business leaders and 
political leaders and scientists for our country.
  Come on, guys. The millionaires and billionaires, they can take care 
of themselves. That wasn't supposed to be permanent. Let's help the 
students.

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