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Biden reportedly set to announce student loan forgiveness plan that would cost taxpayers billions.

I wonder what my middle class auto mechanic who worked his way up to start his own business thinks about $300,000,000,000 of tax going to this program?
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If that mechanic has half a brain he can figure out if Republicans had no problem whatsoever with trump cutting taxes on the rich and corporations...helping the richest of the rich billionaires in America get richer yet at the expense of the rest of us...... "The Joint Committee on Taxation (JCT) analyzed just on the tax cuts alone, independent of the FY 2018 budget, would increase the U.S. deficit by $1 trillion over the next 10 years."

But Trumpers say helping the average struggling American help on repayment of their college loans is just too much. Crazy how that works, huh?

Plus EVERY FORGIVEN STUDENT COLLEGE LOAN IS FULLY TAXABLE AS EARNED INCOME"...for all of the 99% who get a break. So.........what they get "forgiven" is being partially paid back by taxing the loan forgiveness as ordinary income. But if you listen to a radical.....the tax breaks trump handed to the ultra rich was apparently just something they must have deserved....as a totally free gift...forever.....so no complaints all. Now that IS crazy.
Graylight · 51-55, F
@anythingoes477 Now, look you, if you're gonna keep cloudin' up the situation with facts and evidence and data and stuff...
Punches · 46-50, F
@anythingoes477
Republicans had no problem whatsoever with trump cutting taxes on the rich and corporations
I didn't think the wealthy paid much, if any, tax to begin with. How can one get a "break" on a bill that they are not having to pay to begin with?
irishmolly72 · 56-60, F
@Punches Excellent observation! I only wish I had thought of it myself. 😊
Punches · 46-50, F
@irishmolly72 It is kind of like an unrelated thing - when some dying chain of stores reports that they are closing umpteen more locations. It's like, "Where exactly even are these stores?" 🤨