Sununu is right for once.
Most Americans don’t care to think about such vile vote buying.
Seven billion dollars is about the daily federal overspend.
Quick math, $45,000 per person!
The tax impact of debt forgiveness or cancellation depends on your individual facts and circumstances. Generally, if you borrow money from a commercial lender and the lender later cancels or forgives the debt, you may have to include the cancelled amount in income for tax purposes. The lender is usually required to report the amount of the canceled debt to you and the IRS on a Form 1099-C, Cancellation of Debt. There are several exceptions to the taxability of cancelled debt, such as insolvency or bankruptcy.
Time to talking this point up, yep no student debt, but now taxes on debt forgiveness kids!
The stupid young voters don’t realize that the $10,000 loan cancellation handouts will be more than cancelled out by higher interest rates for the house they might eventually want to buy.
Of course, every real estate agency and the two million real estate agents should be fighting hard for federal fiscal responsibility.
We live in a country with 80 to 81 million people who voted for an angry, demented old man for President.
It is not just the 26 year-old brainless socialists in the FJB administration. They come in all ages of assorted colors of blithering idiots.
Along with Schwartz Gyorgy and the rest of the WEF.
“...brainless, socialist, 26 years old workers...”
No need, just declaring one as a socialist automatically defines brainless. Remember the quote attributed to Einstein regarding those who keep doing the same thing and epxecting different results. And we’ve got a senior age POS turd out there who still believe in socialist crap...and who also showered with his daughter and smells women’s hair while thinking about his hairy legs.
I’d love to see 1) the degrees these freeloaders are getting and 2) how long it took them to earn that degree.
I’d wager that most of the degrees are worthless and have zero market value (intersectionality, grievance, any “studies”, etc) and took an average of six years to get.
So not only are taxpayers on the hook for this “education,” but we wind up with useless parasites fomenting discord and revolution.
Can Trump reverse these cancellations? The Supreme Court did.
Democrats love to do the, “Vote for us, you stupid idiots!” thing, just like Biden. Not a good way to win crossover votes.
Another way to look at this: Loan forgiveness will just come off their Social Security and Medicare benefits. Like squeezing a balloon. The money gets paid back somewhere down the line.
It’s all vote buying. We all know it. Dims favor the indoctrinated college “elite”. They don’t live in the real world and are far easier to control than people that work for a living. Us honkeys with HS diplomas, certificates and apprenticeships and journeymen don’t get anything other than a bill from our hateful FedGov. 😡
Name Them / DOX Them
My mortgage identifies as a student loan.