msstate7
Well-known member
If Biden wants this to go through, seems they could kill this lawsuit pretty easily by requiring the app for everyone.
ETA... I bet most of the states will drop the tax burden anyway
Student loans
- Thread starter msstate7
- Start date
If Biden wants this to go through, seems they could kill this lawsuit pretty easily by requiring the app for everyone.
ETA... I bet most of the states will drop the tax burden anyway
acesfull86
Well-known member
That was my first impression too. I haven’t read more about this yet, so not sure if there’s more too it than that.
acesfull86
Well-known member
https://www.nbcnews.com/news/amp/rcna50024
WASHINGTON — Top lawyers representing a half-dozen Republican-led states sued the Biden administration in federal court Thursday over its student loan forgiveness plan, seeking to block its expected implementation next month.
The states — Nebraska, Missouri, Arkansas, Iowa, Kansas and South Carolina — jointly filed a 36-page complaint in the U.S. District Court for the Eastern District of Missouri, the second legal challenge this week against President Joe Biden's debt cancellation plan.
Attorneys general or solicitors general from the six states argued in the suit that the president's plan violates the separation of powers and a law that dictates how federal agencies can craft regulations. They also predicted that it will financially harm them, saying, for example, that the mass debt cancellation would cost Nebraska, Iowa, Kansas and South Carolina tax revenue.
WASHINGTON — Top lawyers representing a half-dozen Republican-led states sued the Biden administration in federal court Thursday over its student loan forgiveness plan, seeking to block its expected implementation next month.
The states — Nebraska, Missouri, Arkansas, Iowa, Kansas and South Carolina — jointly filed a 36-page complaint in the U.S. District Court for the Eastern District of Missouri, the second legal challenge this week against President Joe Biden's debt cancellation plan.
Attorneys general or solicitors general from the six states argued in the suit that the president's plan violates the separation of powers and a law that dictates how federal agencies can craft regulations. They also predicted that it will financially harm them, saying, for example, that the mass debt cancellation would cost Nebraska, Iowa, Kansas and South Carolina tax revenue.
msstate7
Well-known member
Don't know enough about the law to judge this one. Is this one better than the stupid one yesterday?
acesfull86
Well-known member
Same…paging Striker!
msstate7
Well-known member
Looks like the Biden admin killed this one by changing the requirement that student loans only held by the dept of education will be eligible.
acesfull86
Well-known member
At least they were forced to scale back, however modestly. Still holding out hope there will be a knockout punch after landing a couple jabs.
msstate7
Well-known member
Hopefully so. Not looking so good imo though
I still don’t support it, but is your argument that the federal government just wasn’t going to tax blue collar workers next year without loan forgiveness?
You’re either getting taxed or you’re not, and I don’t realistically see taxes going up a whole lot for blue collar workers.
Even if we take your premise that taxes won't go up (laughable but lets pass on that) those tax dollars spent on student debt relief are then taken away from another area that actually helps ALL people and not just a sub-selection of people taht were too stupid to realize that gender studies was not a degree with a high ROI.
sturg33
I
The much more likely path is that the government simply prints the deficit... which makes those blue collar workers' hard earned dollars worth less... i.e. taxed
The other path is cutting services to other programs... i.e, getting less from their tax dollars
The other path is raising taxes... i.e taxed
The other path is the fairy tale of "raising taxes on the rich"... which always gets passed down to the working class... i.e. raised costs
There is not a single path that includes these workers not taking a hit. You simply cannot just create a $1T hole in the books without the repercussions hitting the working class
acesfull86
Well-known member
https://www.scotusblog.com/2022/10/justices-are-asked-to-block-bidens-student-loan-relief-plan/
Justice Amy Coney Barrett on Thursday denied a Wisconsin taxpayers group’s bid to block the Biden administration’s student-loan forgiveness program while litigation over the program continues in a lower court. Barrett acted alone, without referring the matter to the full court or asking the government to respond.
—————
Bummer.
Justice Amy Coney Barrett on Thursday denied a Wisconsin taxpayers group’s bid to block the Biden administration’s student-loan forgiveness program while litigation over the program continues in a lower court. Barrett acted alone, without referring the matter to the full court or asking the government to respond.
—————
Bummer.
Tapate50
Well-known member
What a trump boot licker
acesfull86
Well-known member
I’m sure allowing 2021 OR 2020 returns made a bunch of additional well off folks eligible. I’d imagine there are a lot of relatively high earners who understandably had a rough year in 2020 that they were always going to bounce back from (and already did).