Posted on 08/22/2022 4:25:01 PM PDT by McGruff
White House officials have been weighing -- and leaning toward -- the cancellation of up to $10,000 in student loan debt per borrower tied to an income threshold, CNN has learned.
According to multiple sources familiar with the discussions, the plan is designed to offer the forgiveness to individuals who earn less than $125,000 per year.
In addition to that baseline of student loan debt forgiveness for individuals who fall under a certain income level, administration officials have also recently discussed the possibility of additional forgiveness for specific subsets of the population, according to sources familiar with internal discussions in the administration.
(Excerpt) Read more at cnn.com ...
They’re just continuing to buy votes with money they don’t have. Depraved.
Ridiculous. I want a rebate...so does my son & daughter.
Liberalism is a chronic, debilitating mental disease. This is just another symptom.
Does this mean the colleges and universities will be returning the money?
Wait till the IRS declares the cancelled debt as income.
Surprise Surprise. Say hello to the tax man.
Remember the Obamacare rules such as employing 50 people led to people getting their jobs cut?*
How about refusing a raise or bonus to make over $124,999 a year?
Korean nail salon near me had illegal marijuana growing flats at the store and precisely one under the number for the higher felony charge professional criminal level. A little low on English but they knew the law well.
$125,000 in some parts of the country is a pretty good income.
LOL!!! that’s not going to make ANYONE happy! LOL
ANOTHER stupid bungling inept policy from Biden.
>>>Buying votes before the Midterms.<<<
You’re exactly right.
He was a good boy and played by the rules. Story of my sad life.
Hope he doesn't turn out bitter and ready to explode at the Dems like me. I'm sure you raised him not to be.
The Idiot in Chief and all of his coconspirator colleagues need to be promptly replaced. Every single concept they propose is without merit.
Sure. Gotta keep those 87,000 new IRS agents busy.
How about those who simply worked and whose parents just paid from their savings and never incurred Federal debt. And all making less than the golden amount?
He had better lean away from it, he’s already pretty hated but all those people who paid off their loans will be furious and the people who never went have to pay for those freeloaders will be beyond anger.
Funny how the govt gives...and then takes it away. They’ll definitely have a rude awakening.
My guess is the debt isn't actually being cancelled or the banks would be screaming bloody murder and probably rushing to court to halt it, I'm guessing the money is actually going to be paid out of your tax dollars, so the banks don't care, they get paid either way.
More inflation, yay
Can I have my taxes canceled if I make less then $125,000? How about $10,000 of my mortgage? They are just using my hard earned money to buy votes!
🤣
It would be a good way to make sure our recession hangs around for a lot longer.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.