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Senator Bob Menendez

@SenatorMenendez ↗

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Last Checked Oct. 11, 2022

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Wed Aug 24 18:50:38 +0000 2022

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Senator Bob Menendez @SenatorMenendez

.@SenWarren and I have had our eye on this day for a long time. And now, because we passed the Student Loan Tax Relief Act as part of the #AmericanRescuePlan, millions of Americans will not face a surprise tax bill as a result of @POTUS' historic decision to #CancelStudentDebt. — PolitiTweet.org

Bharat Ramamurti @BharatRamamurti

Common question: will student debt relief be considered income and subject to federal income tax? Answer: No -- th… https://t.co/Ht9qLwkwOC

Posted Aug. 24, 2022

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Senator Bob Menendez @SenatorMenendez

For many who have long postponed buying their first home, opening a small business, or even starting a family because of their student debt, this will make a profound difference and help unleash the economic potential of thousands of student borrowers in NJ & millions in the US. — PolitiTweet.org

Posted Aug. 24, 2022

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Senator Bob Menendez @SenatorMenendez

With 90% of the benefits of student loan relief going to borrowers earning less than $75,000, the potential for a surprise tax bill next year could have been devastating. But thanks to the law we passed, borrowers will save approximately $2,200-$4,400, depending on their income. — PolitiTweet.org

Posted Aug. 24, 2022