Student Loan Forgiveness in Pennsylvania Favors the Wealthy

As Pennsylvania higher education institutions face a shortage of students, their former students will disproportionately benefit from student loan forgiveness.

A research brief from the Independent Fiscal Office estimates that almost 2 million Pennsylvania borrowers hold $69 billion student loan debt, and $21 billion would be forgiven. Another $1.8 billion would be forgiven through the expansion of the income-driven repayment program. 

Read More

Analysis: Federal Tax Overhaul Increased Taxes on Wealthy in Many Blue States

The 2017 Tax Cuts and Jobs Act, harpooned by progressive Democrats as a handout to wealthy corporations, turned out to be more progressive in practice, new data from the federal government revealed. 

The federal tax reform measure supported by President Donald Trump increased taxes on some wealthy property owners in high-tax jurisdictions such as Illinois and New Jersey and decreased tax burdens on the middle class. 

Read More