California promises its residents that Biden's student-loan forgiveness will not be taxed

Contributing sentiments towards policy:

50% : "Once the federal government finalizes details of the student debt relief program, we will know whether the relief is tax exempt under current California law," Assembly Speaker Anthony Rendon and Senate President Pro Tem Toni Atkins wrote in a joint tweet last week.
48% : When it comes to taxes, states still have time to clarify their positions on whether they will tax the loan forgiveness -- but a decision likely needs to be made before residents start filing their tax returns.
43% : This is the first time Americans have seen student-debt cancellation of this scale, so there's likely to be confusion and questions during the implementation process.
41% : Four million student-loan borrowers in California won't have to worry about taxes on their debt relief.
41% : While Biden's American Rescue Plan ensured the debt relief would not be subject to federal income taxes, state tax codes are different, and some borrowers could face a state income tax on the broad relief.

*Our bias meter rating uses data science including sentiment analysis, machine learning and our proprietary algorithm for determining biases in news articles. Bias scores are on a scale of -100% to 100% with higher negative scores being more liberal and higher positive scores being more conservative, and 0% being neutral. The rating is an independent analysis and is not affiliated nor sponsored by the news source or any other organization.