Pretty much. It would be more broadly acceptable if it was like ‘if you had student loans in the past decade you get a $5000 tax credit’. Maybe more if your reported income for the past 10 years was below a certain threshold.
That would benefit everyone, including those who paid off their loans and they could then tax that money from the tax credit and spend it elsewhere.
This type of thing was huge beneficial for child care too. The Child Care Tax Credits during the pandemic were a huge benefit and halved the child poverty rate. It’s sheer stupidity they were cancelled.
Pretty much. It would be more broadly acceptable if it was like ‘if you had student loans in the past decade you get a $5000 tax credit’. Maybe more if your reported income for the past 10 years was below a certain threshold.
That would benefit everyone, including those who paid off their loans and they could then tax that money from the tax credit and spend it elsewhere.
This type of thing was huge beneficial for child care too. The Child Care Tax Credits during the pandemic were a huge benefit and halved the child poverty rate. It’s sheer stupidity they were cancelled.