this post was submitted on 02 Aug 2024
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Because forgiving debt is an act of giving (also known as 'handing out') money, and a tax cut is an act of not taking money you already possess.
Duh. Giving someone $20 and not taking $20 from them are not equivalent acts.
Ok. So it would be cool if we just reduced all taxes on student debtors to $0 until they benefit from a "not take" of all their student loans?