Senate COVID relief bill paves way for student debt forgiveness through executive action
The Senate version of the $1.9 trillion COVID-19 relief package, which cleared the chamber Saturday, was amended to remove taxes on forgiven student loan debt through 2025, the The provision, which was included by Democrats this week, paves the way for President Biden to forgive student debt through executive action — one of his campaign promises — without burdening thousands of Americans with a new tax. Stay on top of the latest market trends and economic insights with Axios Markets./ Federal law usually treats forgiven debt as taxable ...
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