joebiden
In most cases, private student loan forgiveness doesn’t exist. Although it may sound morbid, certain private lenders will forgive your loan balance if you die or are permanently disabled. In contrast, income-driven repayment plans and other federal student loan forgiveness programs allow you to partially or fully forgive federal student loans. Even so, President Biden’s student loan forgiveness plan has raised a lot of controversy recently. On the one hand, in times of financial difficulty, it may seem necessary to assist borrowers. However, some people feel they are being unfairly treated bec...
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On January 20, 2021, Joe Biden became president. But, what kind of policies has he implemented since? Well, the Biden administration is aiming to make the income tax system more progressive. Biden’s plan would also raise taxes by $2.4 trillion over the next ten years. Meanwhile, the Biden administration wants everyone making more than $100 million to pay at least 20% of their income in taxes. This would include unrealized capital gains. Currently, these are not taxed. And, at the same time, SECURE 2.0 passed the House on March 29. “The retirement savings legislation, also known as SECURE Act ...
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