You are getting a pretty hefty tax increase today!
Joe Biden is facing a deadline. In just a few short days, the extension to the forgiveness period of student loans is going to expire. Word is that Biden was planning to issue an executive order later today that would forgive those debts, or at least a part of them. Talk is that Biden will forgive $10,000 in student loan debt for anyone making $125,000 or less, and there would be a continuance of a payback holiday, which expires at the end of the month. There has been a lot of speculation over whether or not it would happen, if it would include everybody or if there would be some sort of means testing. But not all is peaches and cream in DC these days. The cost of Biden’s plan could be upwards of $980 billion over 10 years.
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