GradFin Tweets to Trump; In Other News, Student Loan "Employer Match" Legislation Reaches 20 Cosponsors
Today @GradFin tweeted Presidential nominee Donald Trump (@RealDonaldTrump) to see if he supports legislation to provide a tax exclusion for employees that receive student loan repayments from their company. We even through in a comment that this would help the economy and accelerate the payoff process for employees. @GradFin did not get a reply to this tweet, but we will keep beating the drum, because we know at some point we will be heard above all the political noise.
Because Donald Trump has won 3 of 4 early primary states so far, and because there are 13 more on Super Tuesday, and he is likely to win most of them, we figured we would start pushing our message with him. Whoever is elected as President needs to know that there are specific ways to help resolve the student loan crisis and this legislation is one of the only private sector solutions to help Americans out of debt fast.
We also wanted to update our readers that last week we gained 4 new cosponsors to H.R. 3861, legislation introduced by Congressman Rodney Davis of Illinois. GradFin supports this legislation because it provides an annual tax exclusion for student loan repayments by employers to their employees. The newest cosponsors are Congresswoman Elise Stefanik (R-NY), Congresswoman Ami Bera (D-CA), Congressman Daniel Donovan (R-NY), and Congressman Steve Womack (R-AR).
There are now 20 cosponsors in the House of Representatives that support H.R. 3861. This is a great showing, and we think will clearly start to get some attention thrown its ways by Ways and Means Committee Members as they look at legislation that helps solve the student loan crisis.
Remember, if passed, this legislation would provide a $5,250 tax exclusion for employees that receive student loan payments from their companies. This is a big deal because it would ensure that much of the help from employers is not taxed and therefore goes to paying down borrowers loans rather than going to the IRS.
We will keep our readers updated on the latest developments in our efforts to pass legislation dealing with the student loan crisis.
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