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Election 2022 / Exempting Tax on Student Loan Forgiveness / State Fair Poll

Capitol Report

English - September 09, 2022 16:00 - 28 minutes - 19.6 MB - ★★★★★ - 1 rating
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Minnesota's 2022 November ballot includes choices for constitutional officers, eight congressional house seats and all 201 state legislative seats. This election, voters will be choosing legislative candidates in newly-drawn districts. Secretary of State Steve Simon joins moderator Shannon Loehrke to explain when and how Minnesotans can begin to cast their ballots.

President Joe Biden recently announced a plan to forgive $10,000 - $20,000 in student loan debt to qualifying borrowers. At the federal level, there is no tax on loan forgiveness, but Minnesota is among several states that will tax forgiven student loans as income unless lawmakers enact a fix. Tax Committee member Senator Kari Dziedzic, DFL-Minneapolis, recently called for a exemption to that tax, and she explains why she believes Minnesota lawmakers should make the change.

More than 5,000 fairgoers offered their opinions on pending state issues by taking the Senate's opinion poll. Shannon highlights some of the more notable results.