The following is an excerpt from Just The News.
Six Republican states on Thursday sued President Joe Biden to block his planned cancellation of hundreds of billion of dollars of student loan debt, arguing it was unlawful and harmful to working-class Americans.
Arkansas, Iowa, Kansas, Missouri, Nebraska and South Carolina said in the lawsuit filed in U.S. District Court in Missouri that Congress did not authorize such debt cancellation, meaning Biden lacked legal authority to take the action he announced last month.
They cited the recent Supreme Court ruling in West Virginia vs. Environmental Protection Agency that concluded the executive branch cannot make law where Congress hasn't legislated.
"No statute permits President Biden to unilaterally relieve millions of individuals from their obligation to pay loans they voluntarily assumed," the states argued.
"Just months ago, the Supreme Court warned federal agencies against “asserting highly consequential power beyond what Congress could reasonably be understood to have granted” by statute."
"The burden of the economic loss and price increases will hit those who can least afford it – the working class and the poor," the lawsuit argued, adding that those who benefit from Biden's plan are in the top 60% of income earners.
Read full article here and read lawsuit here.
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