Speaker Boehner proposed paying for the $6 billion a year price tag by taking money from what he called "one of the slush funds" tied to President Obama's health care program. He plans to re-allocate some $11.9 billion targeted for women's health programs, using $5.9 billion to keep the student loan interest rates at 3.4% for one year.
In proposed Senate legislation, the rate increase would be put off for one year and would be paid for by adjusting tax rules that allow some individuals to avoid paying Medicare payroll taxes.
The White House has threatened to veto any bill that would repeal health care programs to pay for the lower student loan interest rates.
26 posted on 04/27/2012 9:44:21 AM PDT by Eagle of Liberty
(We the People are coming!!)