Re:Taxing Mechanical Engineers and Subsidizing Drama Majors
by jgwil2 on Monday September 19, 2022 @12:03PM
(#32900148)
Small nitpick: this is all executive action, not a bill or law. That means that it can be undone as soon as a new president takes office.
Re:Taxing Mechanical Engineers and Subsidizing Drama Majors
by caseysoftware on Monday September 19, 2022 @12:21PM
(#32900413)
That's not a "small nitpick" but a huge glaring gap in this entire process.
Not only can it be undone but it can be re-done or changed in any way imaginable short of a court stepping in and saying "no, you don't have the authority to do that" which is unlikely.
We should get VERY nervous when POTUS enacts sweeping changes to "rewrite" laws without actually changing the law.
The article is about changes to the income-based repayment program, which was a big change that was part of the same bill. And frankly it doesn't get enough attention for how much of a long-term impact that it'll have on future borrowers, as opposed to the (tentatively) one-time forgiveness that affects mostly college graduates.