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FBN's Rich Edson on Democrats' proposal for small business to extend lower student loan interest rates.
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I'll have that right.
Now next up should small business be footing the bill for student loans Democrats phase to that question is yes rich -- and joins us now from the beltway rich.
Hello that is an interest rates on federally backed student loans double in July for new loans to cover the cost of extending the current 3.4 percent rate.
Democrats propose a tactical change for shareholders in S corporations in partnerships.
These -- typically small businesses and if their owners take their income as profits.
They can avoid payroll taxes will Democrats propose changing that for anyone making more than the campaign familiar 250000.
Dollars a year.
Democrats charge Republicans are again.
Protecting the wealthy.
The Republicans say no -- subsidies for big oil intact and let's take it out of our old favorite.
Target women's health.
Republicans say the democrats' plan raises taxes on smaller businesses in uses dedicated social security and Medicare funding the payroll tax.
On other spending student loans.
And they charge the president's travels around the country talking about this is simply using the issue to grandstand.
Frank.
-- I think this is beneath the dignity of the White House.
These are the types of -- political stunts.
And frankly there aren't worth food and worthy of his office.
House Republicans have their own version to extend lower interest rates they'll vote on it tomorrow and -- six billion dollars.
From the health care law Republicans call -- a slush fund back to --
