- Not enactedThe President has not signed this bill
- The house has not voted
- The senate has not voted
Committee on FinanceIntroducedJuly 31st, 2019
- senate Committees
Student loan debt is a growing problem in the U.S., and it’s making it harder for recent graduates to get ahead, start saving for the future, and secure their financial futures. Employers who want to help their employees with student loan debt should be incentivized to do so.
This legislation would likely have a major impact on federal tax revenue. Given that the country is already in a budget deficit, it’d be fiscally irresponsible to extend tax concessions to businesses simply for helping pay down student debt.