Hi, everyone. In today’s news, we look at the Democratic political battle over Bernie Sander’s proposed canceling of student loan debt, as well as the economic repercussions it could have. We look at the new rent law in New York that could impose detrimental market-rate caps on housing developers. The increase in savings accounts for disabled Americans is a promising trend, and this is an important step in securing the financial security of those Americans. And a closer look at the tax reforms that have resulted in a decline in charitable giving.
Sanders is proposing the federal government pay to wipe clean the student debt held by 45 million Americans — including all private and graduate school debt — as part of a package that also would make public universities, community colleges and trade schools tuition-free.
Financial pros argue that a transaction levy will hurt mom and pop investors along with investment houses
Curb on market-rate conversions pressures the value of rent-stabilized apartment
New state-based accounts that let disabled people work and save money without risking the loss of government aid are slowly catching on.
Charities feared that the 2017 tax law would lead to a drop in charitable giving by individuals.