Facebook reportedly blocked a post by Republicans on House Judiciary Committee about student loan cancelation saying it violated community standards.
The GOP House Judiciary Committee tweeted an image of what the lawmakers said was the offending Facebook post, which contained these 11 words: “If you take out a loan, you pay it back. Period.”
A second image showed a message from Facebook saying, “Your post goes against our community standards.”
The House Judiciary GOP tweeted in response, “WOW: @facebook says our post about paying back loans violates their ‘community standards.’ Big Tech’s at it again.”
WOW: @facebook says our post about paying back loans violates their “community standards.”
Big Tech’s at it again. pic.twitter.com/Oo5lESfxwU
— House Judiciary GOP (@JudiciaryGOP) August 25, 2022
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President Joe Biden announced on Wednesday that he was unilaterally canceling up to $10,000 student loan debt for individuals earning $125,000 or less and families making $250,000 or less.
For those who received Pell Grants, they will be eligible for up to $20,000 in debt forgiveness, with the same income thresholds.
In keeping with my campaign promise, my Administration is announcing a plan to give working and middle class families breathing room as they prepare to resume federal student loan payments in January 2023.
I’ll have more details this afternoon. pic.twitter.com/kuZNqoMe4I
— President Biden (@POTUS) August 24, 2022
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Biden said in remarks Wednesday at the White House about the debt cancellation that it coupled with ending the student loan repayment moratorium at the end of December is an “economically responsible course.”
“As a consequence, about $50 billion a year will start coming back into…the Treasury because of the resumption of debt,” he said.
Biden added that new revenue expected to come in through higher taxes from the Inflation Reduction Act — which he said would be $300 billion over 10 years — will help pay for the program, as well.
The National Taxpayers Union estimates…
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