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Senator Braun leads bipartisan bill to remove “unnecessary” student loan tax

Summary by Ground News
Indiana Senator Mike Braun says the act would a hidden tax on federal student loans. Senator Braun: The fees historically existed to offset the costs of private-sector partners. Since private sector partners no longer originate loans, the fee is no longer necessary, Senator Braun says. Representative Lloyd Smucker introduced the companion legislation in the House of Representatives.

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Senator Braun leads bipartisan bill to remove “unnecessary” student loan tax

HENDERSON, Ky (WEHT) - Indiana Senator Mike Braun joined fellow Republican Senator Josh Hawley (MO), Independent Senator Kyrsten Sinema (AZ) and Democratic senators Elizabeth Warren (MA), Tim Kaine (VA), Chris Coons (DE) and Chris Van Hollen (MD) to introduce the Student Loan Tax Elimination Act. Senator Braun says the act would a hidden tax on federal student loans called an "origination fee." Senator Braun says the fees historically existed to…

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TRISTATEHOMEPAGE broke the news in on Tuesday, March 28, 2023.
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