"Hall ruled that Georgia, which along with Missouri had led the lawsuit, failed to show it would be harmed by the administration's plan to forgive $73bn in student loan debt held by millions of Americans."
"The judge removed Georgia from the case for lack of legal standing despite the state's claim of potential tax revenue losses, transferring litigation to Missouri."
"Hall wrote that there is no indication the rule is being implemented to attack the states or their income taxes, saying any loss of tax revenue is incidental."
"The administration proposed the regulation in April after previous plans were blocked by the courts, aiming to provide full or partial debt relief to an estimated 27.6 million borrowers."
Collection
[
|
...
]