Marjorie Taylor Greene says student-loan forgiveness is 'completely unfair' despite the fact her company had loans worth $183,504 forgiven

Authored by businessinsider.com and submitted by newnemo

Marjorie Taylor Greene has criticized Biden's student-loan-forgiveness plan announced on Wednesday.

She called student-loan relief "completely unfair" on Newsmax TV.

Taylor Greene's company had $183,504 in PPP loans forgiven in April 2020, according to public data.

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Rep. Marjorie Taylor Greene criticized Biden's student-loan-forgiveness plans as "completely unfair," despite records showing that her own company had $183,504 worth of Paycheck Protection Program loans forgiven in 2020.

On Wednesday, the Biden administration announced plans to forgive $10,000 of student debt for most borrowers, fulfilling a campaign promise and extending relief to millions of borrowers. US residents earning less than $125,000 a year are eligible for loan forgiveness.

In her interview on Newsmax TV, Taylor Greene said the plan was unfair to taxpayers who had never taken out a student loan.

The Georgia Republican added that she opposed the student-loan program in the first place, saying: "There should not be a system in place that allows them and encourages them to pile up massive debt in these big colleges and universities."

Data from ProPublica, a tracking site that uses data from the Small Business Association, shows that Taylor Green was one of several Republican members of Congress who had private loans forgiven.

The data shows that the total amount forgiven was $183,504, which represented full forgiveness of the original $182,300 loan, plus the accrued interest. The majority of the relief issued in April 2020 was used for payroll, according to the data.

The Small Business Association did not immediately respond to Insider's request for comment, which was made outside normal working hours.

Taylor Greene's website says that she and her husband, Perry Greene, bought her family's construction business, Taylor Commercial, Inc., prior to her election.

Representatives for Taylor Commercial and Taylor Greene did not immediately respond to Insider's request for comment.

Taylor Greene also criticized the Biden administration as having a purely political agenda for the student-loan plan, telling Newsmax TV that he was looking "to bring in blue votes in November."

samsounder on August 25th, 2022 at 16:54 UTC »

My small company was profitable during every economic downturn. Its unfair that the big companies got bailouts and I didn't. Where's my billions? I'll actually turn a profit with it!

spidergoose7 on August 25th, 2022 at 16:32 UTC »

Would love to see all the receipts of loan forgiveness given to critics of student loan forgiveness.

jacthis on August 25th, 2022 at 16:27 UTC »

Compassion for businesses but not for people, the current GOP