Some states could tax Biden's student loan debt relief

Contributing sentiments towards policy:

52% : However, in Mississippi, the chairman of the state Senate committee in charge of taxes said he's willing to take a look when the Legislature convenes next year.
48% : In Mississippi, Minnesota, Wisconsin, Arkansas and North Carolina, forgiven student loans will be subject to state income taxes unless they change their laws to conform with a federal tax exemption for student loans, according to a tally by the Tax Foundation, a Washington, D.C.-based think tank.
45% : That's because some states tax forgiven debt as income, which means borrowers who are still paying down student loans could owe taxes on as much as $10,000 or even $20,000 that was taken off their bill.
38% : 'More than 40 million Americans could see their student loan debt cut or eliminated under the forgiveness plan Biden announced late last month.

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