Fidelity presses case for student debt tax break: "Fidelity, the Boston-based financial group, has been quietly lobbying politicians and White House officials in favour of a new tax break that would encourage employers to help pay off employees' student debts.
The company, which manages or administers $5.2tn in assets on behalf of savers, has thrown its weight behind plans that could put student loan repayments alongside pension contributions and healthcare as a tax-free benefit offered by employers.
More from the Financial Times:
|Trump loses his shine in Pennsylvania
The return of American exceptionalism
Clinton targets Trump on Republican turf
Supporters of the plans say they are vital to tackle a US student debt mountain that has almost tripled in a decade to $1.3tn, while Fidelity hopes to gain because the sooner graduates pay down their loans, the sooner they are likely to start investing and saving for their retirement."
'via Blog this'
No comments:
Post a Comment