Cassidy, GOP Senators Seek To Overturn Biden's Loan Debt Forgiveness

Senate Republicans Hold News Conference On Democrats' Tax Policies

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Louisiana Senator Bill Cassidy is proposing a measure that would overturn President Biden's student loan forgiveness plan.

The proposal introduced by a group of Republican senators on Monday asserts that Biden's executive action favors a small group of borrowers and leaves behind Americans who hold other forms of debt.

The plan will also cost $400 billion, according to the Congressional Budget Office

Senate Majority Leader Chuck Schumer weighed in on Twitter, calling the GOP's efforts "cruel" and "callous."

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