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Commenters argued that for the reason that Congress did not precisely authorize the paying of resources for the proposed variations to REPAYE, the proposed guidelines would violate the appropriations clause. They argued, in particular, that cancellation of financial debt requires distinct Congressional appropriation, and the Division has not discov
Lots of commenters expressed concerns about possible tax liabilities and identified that the loan amount of money forgiven will probably be regarded as taxable cash flow for your borrower. Quite a few commenters argued that It will be harsh to tax the amount of the loan that is definitely forgiven, Primarily since people who are having difficulties