Professional Movie director, Marriner S. Eccles Institute, University of Utah
Congress is on the new cusp of enacting a costly and useless the brand new taxation cost to have professionals having beginner debt included in the latest greater c oronavirus relief plan. Instead of delivering rescue so you can disappointed borrowers, the new provision as an alternative shower s taxation slices on large-income workers having a beneficial efforts who are already paying the fund , and raises a perverse the fresh new incentive to own higher-income family members to acquire to have college as opposed to shell out regarding wallet .