Democrats are using Mitt Romney as leverage to push Senate Republicans to support legislation that would prevent student loan rates from doubling to 6.8 percent.
The top two Senate Democratic leaders called on Romney to enter the Senate debate after Republicans voted along party lines to block student loan legislation.
Senate Democratic Whip Dick DurbinDick DurbinJustice requires higher standard than Sessions Warren burns Mnuchin over failure to disclose assets Trump Treasury pick to defend foreclosure record MORE (Ill.) also called on Romney to take action.
“Come on, Mitt Romney needs to pick up the phone and talk to Mitch McConnellMitch McConnellThe new Washington elite schmoozes over lunch Trump takes first official acts at signing ceremony Will America really unite behind Trump? MORE and Speaker [John] BoehnerJohn BoehnerLast Congress far from ‘do-nothing’ Top aide: Obama worried about impeachment for Syria actions An anti-government ideologue like Mulvaney shouldn't run OMB MORE [(R-Ohio)]. If this is an issue important to him he can weigh in. The president raised this at the State of the Union address, he’s not a latecomer to this issue,” said Durbin.
Legislation to keep loan rates for low- and middle-income students stalled earlier Tuesday after it fell eight votes short of the 60 needed to overcome a Republican filibuster. Not a single Republican voted to advance the bill.
Republicans support keeping student loan interest rates at 3.4 percent but oppose the Democratic plan to pay for it by closing tax loopholes for shareholders of S-corporations.
Romney said last month that he supports keeping rates at current levels but has not yet said how they should be subsidized.
House Republicans favor taking money from a preventative healthcare fund set up by the 2010 healthcare reform bill.