Journal of
Accounting and Taxation

  • Abbreviation: J. Account. Taxation
  • Language: English
  • ISSN: 2141-6664
  • DOI: 10.5897/JAT
  • Start Year: 2009
  • Published Articles: 217

Review

To cancel debt or not to cancel debt: Evaluation of debt cancellation or provide a tax credit

Jose Jay Vega
  • Jose Jay Vega
  • Department of Accounting, Gerald W. Schlief School of Accountancy, United States.
  • Google Scholar
Jan Smolarski
  • Jan Smolarski
  • Department of Accounting, University of Texas Rio Grande Valley, TX 78539, United States.
  • Google Scholar
Nikki Shoemaker
  • Nikki Shoemaker
  • Department of Accounting, Gerald W. Schlief School of Accountancy, United States.
  • Google Scholar
Kelly Noe
  • Kelly Noe
  • Department of Accounting, Gerald W. Schlief School of Accountancy, United States.
  • Google Scholar


  •  Received: 07 April 2023
  •  Accepted: 03 July 2023
  •  Published: 31 July 2023

References

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Binkley C (2022). CBO estimates Biden's student debt plan could cost $400 billion over 30 years. Available at:

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Catherine S, Yannelis C (2023). The distributional effects of student loan forgiveness. Journal of Financial Economics 147(2):297-316.
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Siripurapu A, Speier M (2021). Is rising student debt harming the US economy. Foreign Affairs 59(2):174-197.

 

Dettling L, Goodman S, Reber S (2022). Saving and Wealth Accumulation Among Student Loan Borrowers: Implications for Retirement Preparedness. FEDS Working Paper No. 2022-19.
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Di Maggio M (2019). Forgiving Student Loan Debt Leads to Better Jobs, Stronger Consumers. Available at:

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Enache C (2022). Corporate Tax Rates around who World, 2022. Available at:

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Epperson S, Dhue S (2022). 59% of Americans worry student loan forgiveness will make inflation worse, CNBC survey finds. CNBC 2022. Available at:

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Friedman M (1955). The role of government in education. Economics and the Public Interest 2(2):85-107.

 

Goss J, Mangrum D, Scally J (2023). Assessing the Relative Progressivity of the Biden Administration's Federal Student Loan Forgiveness Proposal. FRB of New York Staff Report.
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Hanson M (2022). Average student loan debt for a bachelor's degree: 2023 analysis. Education Data Initiative. Available at:

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Danna J (2013). Houle study: Which students have the most college loan debt? Department of Sociology. Available at:

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Irwin N (2021). Unemployment is high. Why are businesses struggling to hire? The New York Times. Available at:

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Lundeen E (2014). The General Education Board's Involvement in Higher Education for African Americans: The Case of North Carolina College for Negroes, 1909-1930. Rockefeller Archive Center. Available at:

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Park K, Miller J (2022). Mortgage Risk and Disparate Impact Associated with Student Debt Available at:
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Yannelis C, Tracey G (2022). Student Loans and Borrower Outcomes. Available at:
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Wessel D, Yu P (2022). Income-Driven Repayment of Student Loans: Problems and Options for Addressing Them. The Hutchins Center on Fiscal & Monetary Policy, Brookings Institution, pp. 1-11.