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Why Are Student Loan Interest Rates Set To Double? Thank These Lobbyists Who Helped Kill The Bill

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Democrats wanted to pay for the student loan support by closing a tax loophole that even the late Robert Novak and the Wall Street Journal lamented as one the most egregious problems in the tax code. Essentially, wealthy individuals and large corporations often file using 'subchapter S' companies to dodge paying employment taxes. With Republicans refusing to close this loophole, student loan interest rates are set to double.
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Sheila Samples is an Oklahoma writer and a former civilian US Army Public Information Officer. She is a Managing Editor for OpEd News, and a regular contributor for a variety of Internet sites.

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