(((tedfrank)))

@tedfrank ↗

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Last Checked Aug. 30, 2022

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Wed Aug 24 15:11:06 +0000 2022

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(((tedfrank))) @tedfrank

@brian_wolfman @Fred_Marwan @chriswithans @fedjudges It’s redressable injury in fact, so there’s standing, just as I have standing to sue you for the effects of your brain waves on my physical state. But standing isn’t the merits. Most prepayments aren’t barred by law. — PolitiTweet.org

Posted Aug. 24, 2022

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(((tedfrank))) @tedfrank

@BryanGivi @RosenzweigP @jadler1969 What’s the basis for a challenge to state tax law? Debt cancelation has long been considered taxable income. ARPA had to specifically carve it out to avoid that problem (and the provision sunsets in 2025). — PolitiTweet.org

Posted Aug. 24, 2022

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(((tedfrank))) @tedfrank

Related thread on which states will currently tax debt forgiveness, though a single-digit percentage tax may not qualify as injury. The figure may need to be 80% or 90% rather than 30%. — PolitiTweet.org

Due to an ARPA provision, federal student loan forgiveness wouldn't be a federally taxable event, but it would trig… https://t.co/LM4Mg1k5Dp

Posted Aug. 24, 2022