John, once again, Indiana is taking a step in the wrong direction.
Any Hoosier looking to cancel all or part of their student debt under Biden’s student loan forgiveness plan will be taxed as additional income. And, on top of that, there may be additional county taxes on top of the state taxes.
What started as a way to help hard-working students pay down their debt could end up costing Hoosiers an additional $1,000 come tax season.
That’s a lot of money –– for a tax on money that Hoosiers will never even see in their accounts.
Todd Young and the rest of the GOP had no issues bailing out banks, airlines, and corporations during the pandemic––but when the opportunity to lift struggling students and Hoosiers arises, suddenly it's too big of a burden on taxpayers.
Make it make sense, Todd!
It is clear that Todd Young is not working for hard-working Hoosiers. He may talk the talk, but whenever a vote comes around, party loyalty wins out every time.
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