Almost unbelievably, just before the Fed started raising rates, Denny Hastert PERSONALLY led an attack on the deductibility of education loan interest.
This was totally bizarre.
I can assure you that parents with two kids in college, as well as the kids themselves, end up without a lot of income to offset higher interest on student loans.
This is a double whammy ~ interest rates on student loans more than doubled in a short period of time while deductibility for the interest paid was removed.
Why don't the rich suffer in the same manner ~ make them pay more, and then tax them for it.
Sounds like a plan destined to return Hastert and his running dog lackeys to power, and then he has the effrontery to say that after stooping low to catch the working poor in this double-whammy that he simply didn't know his little buddy Foley was fudgepacking with children in the Well of the House.
Yes, Denny has made some enemies ~ and if it weren't for the fact that the United States of America will be put under the yoke of servitude of the Dems get in this time, I'd complain about him a bit more.
Give us a break with the sob story. Working poor with two children in college needs deductions. Are we talking about the $70,000/an folks who borrow money at 2% after klids graduate? Poor baby.Poor families get Pell Grants.