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Do You Support States Taxing Forgiven Student Loans?

by Market FinancePosted onAugust 31, 2022August 31, 2022

Do You Support States Taxing Forgiven Student Loans?

New 2,000 Dollar Stimulus?

Pennsylvania Gov. Tom Wolf is urging Republican lawmakers in his state to help him pass a new bill that will give $2,000 to Pennsylvania families who make less than $80,000 to help them fight inflation.

According to Fox News, This is Gov. Wolf’s second attempt to try and get his bill passed and he is arguing that it can be done because the state has an $800 billion economy.

In a statement Wolf said, “I want to give Pennsylvanians the step up they need to survive inflation and higher prices. So, $2,000 to any family, to families making $80,000 dollars or less. We estimated that about 250,000 families will apply for this.”

“So that’s a 500-million-dollar operation expense and it’s going to provide needed buffers against high prices,” Wolf added. “And we hope prices are up temporarily, but it’s going to give families some room to get back on their feet.” 

He then said, “We have the ability to do this financially. We can actually help families get lifesaving medicine, out-of-state funds. We can help families stay in their homes. We can help families afford to eat. Why on earth wouldn’t we do it? Especially now again when we have the money sitting in the bank?” 

“We have an $800 billion … economy in Pennsylvania,” Wolf continued. “Five hundred million dollars is less than one-tenth of one percent of what this commonwealth generates annually. We can afford to do this. This will not have an inflationary effect.” 

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