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President Joe Biden s student loan forgiveness plan could lift crushing debt burdens from millions of borrowers, but the tax man may demand a cut of the relief in some states.That s because some states tax forgiven debt as income, which means borrowers who are still paying down student loans could owe taxes on as much as $10,000 or even $20,000 that was taken off their bill. In Mississippi, Minnesota, Wisconsin, Arkansas and North Carolina, forgiven student loans will be subject to state income taxes unless they change their laws to conform with a federal tax exemption for student loans, according to a tally by the Tax Foundation, a Washington, D.C.-based think tank.That dismays Cathy Newman, a Louisiana State University graduate who just took a job teaching freshman biology at the University of Southern Mississippi in Hattiesburg. She figures she could end up owing a few hundred dollars of money that she could have kept had she stayed in Louisiana.Newman said she can come up with the cash because she has a good job, but she knows of a lot of other borrowers who will still be stuck in difficult financial positions even with their loans forgiven. If they stay in the state, they could end up with a pretty hefty tax burden if things don t change, Newman said. I won t be happy if I have to do it. I can do it. But a lot of people can t. More than 40 million Americans could
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WASHINGTON AP 鈥?Police responding to a person gripped by a mental health or drug crisis can lead to tragic results. Now a government health program will help communities set up an alternative: mobile teams of behavio
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caneca stanley -escalating such potentially volatile situations. The effort to reinvent policing after the death of George Floyd in police custody is getting an assist from Medicaid, the federal-state health insurance program for low-income people. President Joe Bidens recent coronavirus relief bill calls for an estimated $1 billion over 10 years in federal payments to states that set up mobile crisis teams, now locally operated in only a handful of places.Dispatching teams of paramedics and behavioral health practitioners would take mental health crisis calls out of the hands of uniformed and armed officers, whose mere arrival may ratchet up tensions. In Eugene, Oregon, such a strategy has been in place more than 30 years, with solid backing from police.The concept fits nicely with what we are trying to do around police reform, Eugene Police Ch
botella stanley ief Chris Skinner told the Associated Press.The logic works like a simple math problem, he adds. By sending the right resources I can make the assumption that there are going to be fewer times when officers are in situations that can turn violent. It actually de-conflicts, reducing the need for use of force. At least 14 cities around the country are interested in versions of that
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Тема: nslo Data shows inflation is cooling, but many Americans are still struggling (Прочитано 22 раз)