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Salon
Salon
Politics
Sophia Tesfaye

White House dunks on GOP's PPP loans

Rep. Marjorie Taylor Greene, R-Ga. (Tom Williams/CQ-Roll Call, Inc via Getty Images)

Republicans who have spent the past 24 hours freaking out over President Joe Biden's announcement of a limited college debt jubilee for some Americans are now being met with receipts of their own hypocrisy. The official White House Twitter account is calling out specific Republican congressmen who saw Paycheck Protection Program (PPP) loans during the height of the COVID pandemic completely forgiven. 

On Wednesday, the president outlined an executive action that forgives up to $20,000 in student loan debt to people who make under $125,000 a year, and other reforms meant to lower the debt burden for millions of people. The announcement was immediately met with criticism from Republicans who complained the move would have a negative inflationary impact and claimed it was unfair to other taxpayers. 

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