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]
buffett rule
Senate Blocks Buffett Rule With 51-45 Vote
By 4.16.12
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%. [More]
White House Begins Public Push For Support Of "Buffett Rule"
By 4.10.12
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. [More]
