Student Loan Forgiveness: An Unpopular Viewpoint

Why it is hypocritical to accept the PPP forgiveness model yet bash the Student Loan Forgiveness Plan

PPP vs. Student Loan forgiveness

PPP – 100% vs - $10K-$20K

MTG, gaetz, Lee hundreds of thousands forgiveness

Levin – dead beats

Sen. Tim Scott – pay your debts

SL forgiveness communist

Tax Payers paying the loan

However, middle-aged borrowers 35 to 49 have the largest total amount of student loan debt outstanding. Heart of the working class

PPP cost $400 billion in 1 year SL - $400 Bill over 10 years

https://www.usatoday.com/story/money/2023/06/30/supreme-court-student-loan-economy/70374412007/

The $73 billion a year that borrowers have been saving on the payments have been funneled to outlays on groceries, travel, clothing and other expenses, juicing the economy.

Defunded the government

https://www.cnbc.com/select/biden-student-loan-forgiveness-and-taxes/

Student loan forgiveness in 2022 will not increase your federal taxable income

https://taxfoundation.org/2020-tax-brackets/ 2020 tax year

22%
$40,126 to $85,525

https://www.bankrate.com/taxes/2021-tax-bracket-rates/ 2021 tax year

22%
$40,526 to $86,375

https://www.nerdwallet.com/article/taxes/federal-income-tax-brackets 2022 tax year

22%
$41,776 to $89,075.

https://www.verifythis.com/article/news/verify/taxes-verify/fact-check-individual-taxes-are-not-increasing-to-pay-for-student-loan-forgiveness/536-01987cee-7b61-4c0d-b1d9-e69e7cc6b4d3

No, the average taxpayer will not have to pay $2,100 to cover the cost of student loan forgiveness
For taxes to be raised to pay for the plan, Congress would have to pass a bill amending the Internal Revenue Code. That hasn’t happened or been proposed.