The price of a college education
Apparently, Republican Senate Minority Leader Mitch McConnell wants to accommodate Senate Democrats who are seeking re-election this year.
Soon after leading the effort to kill a reasonable bill to help alleviate a student debt burden of more than $1 trillion being carried by 40 million Americans, Mr. McConnell declared that the Democrats who brought the bill didn't really want it to pass. Instead, he said, Democrats wanted to maintain the crushing student debt and use it as a campaign issue this fall.
Well, it's quite an issue. The bill would have enabled millions of people with student debt to refinance federally guaranteed loans at lower rates. To pay for the measure, the bill would establish a minimum tax rate of 30 percent on any income greater than $1 million.
Oddly, several principal sponsors of the bill, including Sen. Elizabeth Warren of Massachusetts and Sen. Bob Casey of Pennsylvania, aren't seeking re-election this year and don't need the crushing student debt as an issue.
President Obama, meanwhile, has signed an executive order limiting annual student loan payments to no more than 10 percent of a borrower's income.
Mr. McConnell, unfortunately, has not grasped the potential of lower student debt and closed tax loopholes as positive campaign issues for his own troops.