Young Americans

As they pursue an education or enter the workforce in these hard economic times, young Americans are rightly wondering whether they’ll have the same opportunities to succeed as their parents’ generation. That’s why Democrats are working to help young Americans afford higher education and skills training, find well-paying jobs, and make the most of their talents. Democrats are defending these programs from Republicans’ proposed budget cuts and their efforts to roll back student loan protection programs.

Democrats enacted the largest investment in student aid in its history, without increasing the deficit, by cutting out wasteful taxpayer subsidies to big banks and directing the money to increased and more affordable loans for students. We also helped make college more affordable by increasing Pell Grant awards to nearly $6,000. In addition, Democrats successfully fought to pass a G.I. bill for the 21st Century, which helps post-9/11 veterans attend college.

Democrats understand how hard it is for many young Americans to afford health insurance. That’s why, under the Affordable Care Act, young Americans starting their careers will be able to stay covered on their parents’ health insurance plans until their 26th birthday, and innovators, both young and old, will be able to afford insurance if they start a new business.

One of the most important issues for young people’s futures is fiscal responsibility. Every dollar we borrow today means more debt, and less opportunity, for the generations to come, which is why Democrats are fighting to put our country back on a path to a balanced budget. We restored the pay-as-you-go law, which requires Congress to find a dollar of savings for every dollar it spends, and which and helped create budget surpluses under President Clinton.

Young Americans Related

As our economy continues its recovery, House Republicans have rolled out a summer agenda that ignores job creation and does not address a number of critical items. Two items expire at the end of this month: a surface transportation reauthorization bill – which the Senate passed with an overwhelming bipartisan vote – and legislation to stop student loan interest rates from doubling on July 1. House Republicans are also holding an extension of the middle class tax cuts hostage to tax cuts for the wealthy, despite the need for families to have certainty that their taxes will not increase next year.


Here’s what House Republicans AREN’T doing this week – focusing on jobs and preventing student loan interest rates from doubling:


House Republicans are reversing course after clearly feeling pressure to take action to maintain student loan interest rates at 3.4 percent for another year. However, I believe there are ways we could do so without eliminating important public health funding, such as ending unnecessary subsidies for big oil companies making record profits.


Today, President Obama reiterated Democrats’ commitment to ensuring more Americans get a fair shot at an affordable college education and called on Congress to prevent interest rates on student loans from doubling. On July 1, the interest rates on subsidized Stafford student loans are slated to double from 3.4% to 6.8%, and if Congress fails to take action, millions of students will be affected.


This week, Republicans will continue to outline additional details of their extreme budget that ends the Medicare guarantee, destroys jobs, and cuts taxes for the wealthy. In Committee hearings this week, Republicans are expected to lay out cuts that undermine health care coverage and target our federal employees in order to preserve tax cuts for the wealthy.


This week, Republicans are rolling out more specific details of their extreme budget that ends the Medicare guarantee, destroys jobs, and cuts taxes for the wealthy.  Committees are holding hearings on the specific spending cuts to critical programs that Republicans want to make in order to keep funding tax cuts for the wealthy.


This week, House Republicans will vote again for their budget that ends the Medicare guarantee and puts our economic recovery at risk, while cutting taxes for the wealthy. Back in their districts, it was poorly received by voters who are concerned about the impact of the budget.


But there is no balance in this proposal. Seniors, middle class, vulnerable, working Americans are asked to pay the price of this agreement. And, indeed, not only are they asked to pay the price, but the best-off among us is asked to do the least. That's not the America of which we are all proud that has worked together, sacrificed together at times, to come together to make a joint contribution to the welfare of this country.


The Democratic Whip’s office has created the following online quiz to show how the Republican budget will impact seniors, the middle class, working families, and the most vulnerable by refusing to ask the wealthiest among us to contribute.


The Chairman of the Budget Committee has spoken of a choice between two futures.  He is correct in framing it this way.  The budget he proposes would end the Medicare guarantee, cut taxes for the wealthiest, and place our economic recovery at risk. 


Last week, House Republicans put forward a more-of-the-same budget that ends the Medicare guarantee while protecting tax cuts for the wealthiest Americans, and puts our economic recovery and jobs at risk. While Republicans were clear that they want to protect tax cuts for the wealthiest Americans and place the burden of deficit reduction onto seniors, the middle class, working families, and the most vulnerable, their budget left several questions unanswered.


They have offered a budget that is somewhat a reprise of last year's. It savages Medicare, turns the guarantee into a higher cost, problematic benefit. We don't think that's what the American people want. Secondly, it makes again the tax disparities between our people even greater. It shifts resources from the middle class and poor to the wealthiest in America. It gives $150,000 additional tax cut to millionaires and doesn't say how you're going to pay for that, $10 trillion in additional tax cuts, which clearly means you're going to explode the deficit even more. They pretend they will cut out preference items. They also in that process severely undermine investments in our future, investments in education, investments in research, investments in growing jobs, investments in infrastructure. Clearly, with the result of diminishing the quality of our society in the long run, and don't get to balance.