Lawsuit challenges student loan forgiveness plan

Name: Lawsuit challenges student loan forgiveness plan
Uploaded: 2022-09-28T03:14:00Z
Duration: 3 min 38 s
Description: The first lawsuit against President Biden's plan to cancel some student debt has been filed. A libertarian group in California called the Pacific Legal Foundation claims the White House's plan is an illegal overreach. They say it will increase state tax burdens for some Americans who have $10,000 worth of federal debt wiped. But the White House says people can opt out of the cancellation.

The first lawsuit against President Biden's plan to cancel some student debt has been filed. A libertarian group in California called the Pacific Legal Foundation claims the White House's plan is an illegal overreach. They say it will increase state tax burdens for some Americans who have $10,000 worth of federal debt wiped. But the White House says people can opt out of the cancellation.

Posted September 27, 2022 11:14pm EDT