Spectrum: Rep. Gomez Says Student Loan Tax Relief Lays Groundwork for Forgiveness

Los Angeles, March 30, 2021

The American Rescue Plan that the White House is touting across the nation in their “Help is Here” tour includes a provision to make any federal student loan forgiveness tax-free through 2025.
This legislation was spearheaded by Los Angeles Democrat Representative Jimmy Gomez and New Jersey Rep. Bill Pascrell and would ensure any potential federal loan forgiveness issued by Congress, or the president, would not have any taxes tacked onto it — meaning no surprise tax bills for Americans if debts were canceled.

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