Senate Republicans poised to block Democratic student loan bill

The Washington Examiner reports:

A Democratic plan to lower student loan interest rates and pay for it with a tax increase will go nowhere in the Senate, Republicans said Monday.

The Senate this week is expected to vote on legislation sponsored by Sen. Elizabeth Warren, D-Mass., and endorsed Monday by President Barack Obama, that would allow students to refinance their loans at interest rates ranging from 3.86 percent to 6.41 percent.

The legislation dovetails with Obama’s Monday signing of an executive order that will greatly expand the federal student loan forgiveness program.

While Obama did not discuss the cost of his executive action, the Warren proposal has a $58 billion pricetag.

Democrats propose paying for their legislation by implementing the so-called Buffett rule, which would require a minimum tax rate of 30 percent for people earning more than than $1 million annually.

How about a head tax on tenured professors instead?