Free Republic

Joe Biden's student loan relief plan could trigger up to $1,100 in state-level taxes in at least 13 states because the $10,000-$20,000 in forgiveness could count toward an individual's income when filing their taxes. Some of the states with the largest poverty levels, including Arkansas, West Virginia and Mississippi are among the states where individuals and couples could see increased tax burdens due to the student loan forgiveness. The Tax Foundation think tank notes that 13 states currently would consider this relief income, but the states that might impose taxes on this student loan relief could shrink if legislative or...

Only a fraction of the $7.6-billion federal Hardest Hit Fund has been paid out to needy borrowers. California has provided homeowners less than 2% of the federal funds it received, as of last year. A $7.6-billion federal program to help unemployed homeowners stave off foreclosure has provided little relief two years after being unveiled, with less than $218 million of the money paid out to needy borrowers as of Jan. 1. California, which was allocated nearly $2 billion from the Hardest Hit Fund, provided less than $38.6 million in assistance for 4,357 borrowers by the end of last year, according...