FOXNews.com: White House threatens to veto House GOP student loan bill, citing cut to health care program

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White House threatens to veto House GOP student loan bill, citing cut to health care program Apr 27th 2012, 14:29 WASHINGTON –  The White House has threatened to veto a Republican bill keeping federal student loan rates from rising this summer. A White House statement blamed the way the legislation would pay its $5.9 billion costs: by cutting a preventive health fund created under President Barack Obama's health care overhaul law of 2010. The White House called those health cuts politically motivated and not a serious response to the problems students face. The veto threat was issued as the GOP-run House began debating the legislation. Even if it passes as expected, the measure seems certain to go nowhere in the Democrat-controlled Senate. Democrats want to pay for the measure by boosting payroll taxes paid by high-earning owners of some private firms.

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