Biden administration to cancel student loan debt for at least 40,000 borrowers. SCOTUS strikes down Biden’s student loan relief plan
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I don't understand why he still gets elected. What people don't realize, this doesn't just help people who go to college, but also people that go to trade school and community college. Haven't we preached that every kid shouldn't go to college and there are trade careers and quick frankly good paying jobs that only require a community college degree. He is undermining those folks too....
Point is - a high school diploma is not going to cut it anymore so you have to do something....
Point is - a high school diploma is not going to cut it anymore so you have to do something....
Some people are just dumb and complain to complain.
Mofokrs talking about they paid theirs.
Well if you own a home you pay school taxes even if you don't have children.
You still pay school taxes if you paid for your children to go to private school.
Just mofokrs complaining about having to wear masks but not complaining about having t wear a shirt and shoes to enter many establishments
or the government mandating you wear seatbelts
Mofokrs talking about they paid theirs.
Well if you own a home you pay school taxes even if you don't have children.
You still pay school taxes if you paid for your children to go to private school.
Just mofokrs complaining about having to wear masks but not complaining about having t wear a shirt and shoes to enter many establishments
or the government mandating you wear seatbelts
North Carolina residents will have to pay state taxes on federal student loan forgiveness, DOR says
South Carolina won’t tax the relief as income, the South Carolina Department of Revenue said in a tweet.
The stay at home/don't vote crowd better get their ass to polls this year and 2024, cause a certain party will kill this shit if given the chance.
Forgive all the debt
GOP attorneys general, top lawmakers and conservative groups are discussing legal options, alleging the White House’s move to cancel student debt is illegal
Sen. Ted Cruz, R-Texas, is reportedly considering a challenge to President Biden’s student loan forgiveness effort.
KEY POINTS
Although no lawsuit has been brought yet, GOP attorneys general from states such as Arizona, Missouri and Texas, as well as Sen. Ted Cruz, R-Texas, and those connected to conservative think tank the Heritage Foundation, are considering their options when it comes to trying to block loan forgiveness, according to reporting by The Washington Post.
“The uncertainty for borrowers in the meantime is, I’m afraid, considerable,” said Laurence Tribe, a Harvard law professor.
Biden said last week that most federal student loan borrowers will be eligible for some forgiveness: up to $10,000 if they didn’t receive a Pell Grant, which is a type of aid available to low-income undergraduate students, and up to $20,000 if they did.
A debate over emergency forgiveness looms
The White House, along with its announcement, released a 25-page memo by the U.S. Department of Justice making the case that debt cancellation is “appropriate” under the Heroes Act of 2003, which grants the president broad power to revise student loan programs. That law was passed shortly after the Sept. 11 terrorist attacks and permitted the executive branch to forgive student loans during national emergencies. The Trump administration declared the Covid-19 pandemic a national emergency in March 2020.
Those trying to block the forgiveness will likely argue that the Heroes Act of 2003 doesn’t give the president the power to forgive student debt in the broad way he is trying to, said higher education expert Mark Kantrowitz.
The issue could make its way to the Supreme Court.
The news of a possible challenge from the right is unsurprising. Even before Biden rolled out his plan, some Republicans worked to stop an effort by the president to cancel the debt in national emergencies. Critics of student loan forgiveness say the policy is unfair to Americans who didn’t attend college, as well as to those who paid off their student loans already or never borrowed in the first place.
The first obstacle to those hoping to bring a legal challenge against Biden’s plan will be finding a suitable plaintiff, Tribe said. It’ll likely have to be someone who can make the case that student loan forgiveness causes them “personal injury,” and that might not be easy.
CONTINUED:
Republicans may try to block student loan forgiveness (cnbc.com)
Sen. Ted Cruz, R-Texas, is reportedly considering a challenge to President Biden’s student loan forgiveness effort.
KEY POINTS
- Republicans may bring a legal challenge against President Joe Biden’s move to forgive the student debt for tens of millions of Americans.
- “The uncertainty for borrowers in the meantime is, I’m afraid, considerable,” said Laurence Tribe, a Harvard law professor.
Although no lawsuit has been brought yet, GOP attorneys general from states such as Arizona, Missouri and Texas, as well as Sen. Ted Cruz, R-Texas, and those connected to conservative think tank the Heritage Foundation, are considering their options when it comes to trying to block loan forgiveness, according to reporting by The Washington Post.
“The uncertainty for borrowers in the meantime is, I’m afraid, considerable,” said Laurence Tribe, a Harvard law professor.
Biden said last week that most federal student loan borrowers will be eligible for some forgiveness: up to $10,000 if they didn’t receive a Pell Grant, which is a type of aid available to low-income undergraduate students, and up to $20,000 if they did.
A debate over emergency forgiveness looms
The White House, along with its announcement, released a 25-page memo by the U.S. Department of Justice making the case that debt cancellation is “appropriate” under the Heroes Act of 2003, which grants the president broad power to revise student loan programs. That law was passed shortly after the Sept. 11 terrorist attacks and permitted the executive branch to forgive student loans during national emergencies. The Trump administration declared the Covid-19 pandemic a national emergency in March 2020.
Those trying to block the forgiveness will likely argue that the Heroes Act of 2003 doesn’t give the president the power to forgive student debt in the broad way he is trying to, said higher education expert Mark Kantrowitz.
The issue could make its way to the Supreme Court.
The news of a possible challenge from the right is unsurprising. Even before Biden rolled out his plan, some Republicans worked to stop an effort by the president to cancel the debt in national emergencies. Critics of student loan forgiveness say the policy is unfair to Americans who didn’t attend college, as well as to those who paid off their student loans already or never borrowed in the first place.
The first obstacle to those hoping to bring a legal challenge against Biden’s plan will be finding a suitable plaintiff, Tribe said. It’ll likely have to be someone who can make the case that student loan forgiveness causes them “personal injury,” and that might not be easy.
CONTINUED:
Republicans may try to block student loan forgiveness (cnbc.com)
Almost half of U.S. governors ask Joe Biden to cut student loan forgiveness plan
In a letter to Biden, Republican governors say they support "making higher education more affordable" but don't want to "force American taxpayers to pay off the student loan debt of an elite few."
www.npr.org
Probably should axed it. As many people complaining it’s not enough and just bitching about the amount, niggas so fucking ungrateful.Almost half of U.S. governors ask Joe Biden to cut student loan forgiveness plan
In a letter to Biden, Republican governors say they support "making higher education more affordable" but don't want to "force American taxpayers to pay off the student loan debt of an elite few."
These bullshit governors could easily reduce the cost of community colleges. But no, they want to hold up bullshit arguments against it.
Lawsuit Seeks to Block Biden’s Student Debt Cancellation Plan
A lawyer at a conservative legal group said in a complaint that he would personally be financially harmed by the government’s approach.
Sept. 27, 2022
The first legal challenge to President Biden’s plan to wipe out billions of dollars of federal student loans arrived on Tuesday, when a lawyer working for a conservative legal group filed a lawsuit seeking to block debt cancellation.
“In an end-run around Congress, the administration threatens to enact a profound and transformational policy that will have untold economic impacts,” Frank Garrison, a lawyer at Pacific Legal Foundation, said in a complaint filed in federal court in U.S. District Court for the Southern District of Indiana. “The administration’s lawless action should be stopped immediately.”
The biggest obstacle for those seeking to fight Mr. Biden’s plan in court has been finding a plaintiff who has the legal standing to claim that they would be harmed by the policy. Mr. Garrison’s claim centers on the Biden administration’s plan to automatically cancel the debts of some borrowers, arguing that it would personally harm him by forcing him to pay taxes on those forgiven debts.
Mr. Garrison, who lives in Indiana, has been pursuing loan forgiveness through a relief program for public service workers, he said in his court filing. Under that program, he would eventually qualify to have his loan debt wiped out without owing any federal or state taxes.
Canceled debts are often taxed as income. A temporary tax law would prevent any federal taxes from being levied on student debts eliminated by Mr. Biden’s executive action, but some states may choose to tax them. Mr. Garrison, who lives in Indiana, said in his lawsuit that he expected a $1,000 state tax bill on his canceled debt. His state is one of seven in which officials have indicated that forgiven student debt may be taxed, according to the Tax Foundation, an independent nonprofit tax policy organization.
He asked the court for an injunction blocking the Education Department from carrying out Mr. Biden’s debt cancellation plan.
White House officials said in August that up to eight million borrowers “may be eligible to receive relief automatically” because the Education Department already had the necessary income information to establish that they qualified. Tens of millions of other borrowers will need to apply for debt cancellation using a form that the department said it intended to release this month.
Mr. Garrison’s lawsuit describes his belief that his debt will be automatically canceled. A representative for Mr. Biden said that assumption is incorrect.
“No one will be forced to get debt relief,” a White House spokesman, Abdullah Hasan, said. “Anyone who does not want debt relief can choose to opt out. Why would this group bring this baseless claim? Because opponents of the debt relief plan are trying anything they can to stop this program that will provide needed relief to working families.”
If borrowers can opt out, Mr. Garrison’s claim “will be a harder case for us,” said Steve Simpson, a senior attorney at Pacific Legal, which is representing Mr. Garrison. “It would be harder to argue that he’s harmed any more.”
Mr. Biden’s relief plan will cancel $10,000 in debt for those earning less than $125,000 per year and $20,000 for those who had received Pell grants for low-income families. The nonpartisan Congressional Budget Office said Monday that it estimated the plan’s price tag at $400 billion. White House officials said they thought the actual cost could be lower because fewer borrowers than expected might apply for the relief.
The Education Department did not immediately respond to a request for comment on Mr. Garrison’s lawsuit. The department has not yet said when, or how, it intended to implement any automatic debt relief.
Luke Herrine, an assistant law professor at the University of Alabama who specializes in student debt, said he thought Mr. Garrison’s case would fail if borrowers like him were given the choice to opt out.
“After doing a nationwide search, the conservative legal movement could only find a suitable plaintiff on its own staff,” Mr. Herrine said on Twitter. “Others are either happy to have this relief or ineligible for standing.”
Lawyers at Pacific Legal criticized Mr. Biden’s plan as an abuse of his executive power.
“It’s flagrantly illegal for the executive branch to create a $500 billion program by press release, and without statutory authority or even the basic notice and comment procedure for new regulations,” said Caleb Kruckenberg, a lawyer at the group who is representing Mr. Garrison.
Lawsuit Seeks to Block Biden’s Student Debt Cancellation Plan (Published 2022)
A lawyer at a conservative legal group said in a complaint that he would personally be financially harmed by the government’s approach.
Lawsuit Seeks to Block Biden’s Student Debt Cancellation Plan
A lawyer at a conservative legal group said in a complaint that he would personally be financially harmed by the government’s approach.
Sept. 27, 2022
The first legal challenge to President Biden’s plan to wipe out billions of dollars of federal student loans arrived on Tuesday, when a lawyer working for a conservative legal group filed a lawsuit seeking to block debt cancellation.
“In an end-run around Congress, the administration threatens to enact a profound and transformational policy that will have untold economic impacts,” Frank Garrison, a lawyer at Pacific Legal Foundation, said in a complaint filed in federal court in U.S. District Court for the Southern District of Indiana. “The administration’s lawless action should be stopped immediately.”
The biggest obstacle for those seeking to fight Mr. Biden’s plan in court has been finding a plaintiff who has the legal standing to claim that they would be harmed by the policy. Mr. Garrison’s claim centers on the Biden administration’s plan to automatically cancel the debts of some borrowers, arguing that it would personally harm him by forcing him to pay taxes on those forgiven debts.
Mr. Garrison, who lives in Indiana, has been pursuing loan forgiveness through a relief program for public service workers, he said in his court filing. Under that program, he would eventually qualify to have his loan debt wiped out without owing any federal or state taxes.
Canceled debts are often taxed as income. A temporary tax law would prevent any federal taxes from being levied on student debts eliminated by Mr. Biden’s executive action, but some states may choose to tax them. Mr. Garrison, who lives in Indiana, said in his lawsuit that he expected a $1,000 state tax bill on his canceled debt. His state is one of seven in which officials have indicated that forgiven student debt may be taxed, according to the Tax Foundation, an independent nonprofit tax policy organization.
He asked the court for an injunction blocking the Education Department from carrying out Mr. Biden’s debt cancellation plan.
White House officials said in August that up to eight million borrowers “may be eligible to receive relief automatically” because the Education Department already had the necessary income information to establish that they qualified. Tens of millions of other borrowers will need to apply for debt cancellation using a form that the department said it intended to release this month.
Mr. Garrison’s lawsuit describes his belief that his debt will be automatically canceled. A representative for Mr. Biden said that assumption is incorrect.
“No one will be forced to get debt relief,” a White House spokesman, Abdullah Hasan, said. “Anyone who does not want debt relief can choose to opt out. Why would this group bring this baseless claim? Because opponents of the debt relief plan are trying anything they can to stop this program that will provide needed relief to working families.”
If borrowers can opt out, Mr. Garrison’s claim “will be a harder case for us,” said Steve Simpson, a senior attorney at Pacific Legal, which is representing Mr. Garrison. “It would be harder to argue that he’s harmed any more.”
Mr. Biden’s relief plan will cancel $10,000 in debt for those earning less than $125,000 per year and $20,000 for those who had received Pell grants for low-income families. The nonpartisan Congressional Budget Office said Monday that it estimated the plan’s price tag at $400 billion. White House officials said they thought the actual cost could be lower because fewer borrowers than expected might apply for the relief.
The Education Department did not immediately respond to a request for comment on Mr. Garrison’s lawsuit. The department has not yet said when, or how, it intended to implement any automatic debt relief.
Luke Herrine, an assistant law professor at the University of Alabama who specializes in student debt, said he thought Mr. Garrison’s case would fail if borrowers like him were given the choice to opt out.
“After doing a nationwide search, the conservative legal movement could only find a suitable plaintiff on its own staff,” Mr. Herrine said on Twitter. “Others are either happy to have this relief or ineligible for standing.”
Lawyers at Pacific Legal criticized Mr. Biden’s plan as an abuse of his executive power.
“It’s flagrantly illegal for the executive branch to create a $500 billion program by press release, and without statutory authority or even the basic notice and comment procedure for new regulations,” said Caleb Kruckenberg, a lawyer at the group who is representing Mr. Garrison.
Lawsuit Seeks to Block Biden’s Student Debt Cancellation Plan (Published 2022)
A lawyer at a conservative legal group said in a complaint that he would personally be financially harmed by the government’s approach.www.nytimes.com
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