3 ms·
Honest question. Why shouldn't people with a mortgage also receive a $20k relief?
by cuddlyogre 3y ago
Honest question.
Why shouldn't people with a mortgage also receive a $20k relief?
- searealist 3y agoAcademia is an integral part of the USA's power structures, so we have crafted policies to funnel money to it.
- iancmceachern 3y agoBecause that only helps homeowners
- thedanbob 3y agoForgiving student loans only helps people with student loans.
- iancmceachern 3y agoSo it seems we should do both, right?
- thedanbob 3y agoGP said "also"; I think you're both arguing the same point.
- cuddlyogre 3y agoI'm ok with that.
- ydlr 3y agoThe loans being forgiven were issued by the department of education. If your mortgage lender wants to forgive part of your mortgage, they can. If the federal government directly held nearly every mortgage in the country, politicians would be tripping over themselves to promise relief every election season.
- just_steve_h 3y agoMortgage interest is tax deductible, for one thing.
- mschulkind 3y agoSo is student loan interest
- tmn 3y agoOnly up to a a certain income limit. And the amount that can be deducted is capped. It doesn’t require itemizing though so that’s nice.. but as someone who itemized and makes ‘too much’ money, I’d have benefited greatly if it was treated like mortgage interest
- datavirtue 3y agoNeither for 90% of tax payers.