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Sen. Elizabeth Warren accuses Republicans of favoring billionaires over students

Elizabeth Warren
Elizabeth Warren
Photo by Alex Wong/Getty Images

The Senate held a vote yesterday on a bill that was introduced by Sen. Elizabeth Warren (D-Mass). The bill would have allowed the forty million Americans suffering under the weight of repaying student loans the ability to refinance at a lower rate. The bill was vehemently opposed by Senate Majority Leader Mitch McConnell (R-KY), who urged his collegues to vote against the bill calling it a "political stunt." All the Republican senators voted against the bill except three.

Warren appeared on "All In with Chris Hayes" Wednesday night in which she vowed to go down to Kentucky and campaign for Alison Lundergan Grimes. This would be a conserted effort to unseat McConnell and replace him with someone who will be more amenable to representing the people of Kentucky and ending the culture of obstruction that now persists in the Congress.

Warren stated that the amount of outstanding student loans are now in excess of $1.2 trillion. This is a larger amount than all the credit card debt in this country. For the Minority Leader in the Senate to oppose any meaningful legislation that would help struggling Americans in favor of protecting tax breaks for millionaires and billionaires according to Warren is unfathomable.

Warrren said in a statement just minutes before the vote: “With this vote we show the American people who we work for in the United States Senate: Billionaires or students."