ALBANY – NYGOP Chair Ed Cox today released the following statement following the Supreme Court’s decision to overturn President Biden’s unconstitutional executive order forgiving student loans, which has cost taxpayers over $5 billion per month, and more than $200 billion in total:

“Joe Biden’s unconstitutional student debt plan would have cost taxpayers, according to official estimates, between $400 billion and $1 trillion. Spending decisions of this type can only be approved by Congress.

“The decision today rebukes Joe Biden’s shocking disregard for constitutional order and reconfirms a bedrock constitutional principle of our Nation since its founding: Namely, that all spending must be approved by Congress and a president cannot unilaterally make consequential spending decisions.”

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