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.
“I’m sure people will want to look at adjusting that or making some changes in the law, but a lot of factors have to be considered,” Harkins said, noting that Mississippi
enacted its biggest-ever tax cut earlier this year and adding that he wants to gauge the impact of inflation before making big tax policy decisions. “This all just hit in the last week.”
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