Brian Chappatta, Columnist

Could Canceling Student Loans Be a Tax Cut 2.0?

Moody’s suggests wiping out college debt might be a novel way to provide fiscal stimulus.

November 5, 2019 at 12:00 PM UTC

Brian Chappatta is managing editor of Bloomberg News' leveraged finance and distressed debt teams. He was previously managing editor and team leader of its wealth group. Before that he was a Bloomberg Opinion markets and finance columnist and a bonds reporter for Bloomberg News.

Young adults might be able to buy homes and start businesses sooner.
Photographer: Mark Wilson/Getty Images

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Larry Kudlow, President Donald Trump’s top economic aide, said on Friday that he’s working on a plan to cut taxes for the American middle class that would be announced ahead of the 2020 election.

In the eyes of Moody’s Investors Service, several Democratic presidential candidates already have a similar proposal.