STOP PAY IN TAXES LET OBAMA AND CONGRESS AND THE SENATE FUND THEY OWN TERRORIST TO KILL THEM RELEASE: Mike McFadden would protect billionaires over students, families

09

RELEASE: Mike McFadden would protect billionaires over students, families

McFadden would protect billionaires over students, families

Franken student loan bill would help over half a million Minnesotans

St. Paul [9/9/14]—Investment banker Mike McFadden would protect millionaires and billionaires over giving half a million Minnesotans the ability to refinance their high-interest student loans.

Today, Sen. Al Franken called on his colleagues to pass his student loan bill, which would give Minnesotans with outstanding student loan debt the chance to refinance their public and private student loans at lower rates.  McFadden does not support the bill.

The Bank on Students Emergency Loan Refinancing Act is paid for by enacting the Buffett rule, which would ensure millionaires and billionaires pay their fair share in taxes. 560,000 Minnesotans stand to benefit from the lower interest rates in the bill.

“Mike McFadden is again showing us who he stands for — he would rather protect millionaires and billionaires instead of helping Minnesota students and their families with student loan debt,” said Alexandra Fetissoff, Franken campaign spokeswoman. “That’s putting the interests of less than one percent of the richest people in this nation above more than 25 million borrowers — at least half a million in Minnesota alone.”

McFadden told MinnPost in July he did not support the student loan refinancing bill because it raised taxes on millionaires and billionaires.