(Source: Rob Portman) Washington, D.C. -Today, Senator Rob Portman (R-Ohio), along with Senators Chris Coons (D-DE), and Angus King (I-ME), introduced legislation-the Stop Taxing Death and Disability Act-to eliminate a tax penalty on families whose student loans are forgiven as the result of the death or permanent disability of their child. Because loan forgiveness is considered income for tax purposes, families in this situation can be charged tens of thousands of dollars in taxes, even while grieving the loss of a child. 'Families grieving the loss or permanent disability of a child did nothing wrong,' Portman said. 'And they should not be punished by the federal government with a massive...
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