Apparently several states may tax student debt cancellation as income. Has the White House planned for that? Means-testing and opt-in nonsense have already made things difficult enough.
Partial cancellation was a divide-and-conquer move that bought time through the midterms, but pressure for full cancellation will return in January when the payment pause ends.
Partial Cancellation, Fully Taxed?
Partial Cancellation, Fully Taxed?
Partial Cancellation, Fully Taxed?
Apparently several states may tax student debt cancellation as income. Has the White House planned for that? Means-testing and opt-in nonsense have already made things difficult enough.
Partial cancellation was a divide-and-conquer move that bought time through the midterms, but pressure for full cancellation will return in January when the payment pause ends.