Students who took out their first federal student loan this past fall will someday be glad that they are only paying 3.86%. Just ask those of us whose loans were nearly double that percentage. But a new bill introduced in the Senate today by Massachusetts Senator Elizabeth Warren would allow student loan borrowers to refinance at the rates set for new borrowers by last year’s legislation. [More]
While some of us are still fretting about filing our taxes before the deadline, the Senate voted today to put a kibosh on the so-called Buffett Rule, a proposed tax reform intended to guarantee that those earning more than $2 million annually would pay a federal tax rate of at least 30%.
On the same day that President Obama is scheduled to speak about the topic at Florida Atlantic University, the White House has released a report on the so-called “Buffett Rule,” the proposition that households earning more than $1 million a year should not pay less than their fair share of federal income taxes.