Chris Wodicka

Some personal news: this is my last week at @TCIFiscal. After 5+ great years at TCI, I’m beginning a PhD program at @PennSP2. I hope to study the intersections of taxes, transfers, and family economic security/family well-being. See everyone in a few years. 😅

TCI was presented the People Power Award last night at #POD23! Thank you, @hamkaecenter, for this humbling recognition and your incredible partnership. We had a wonderful time in community with other advocates and with TCI staff, past and present!

The law of Virginia has been settled on this since 2020, @GovernorVA. ⬇️ You can’t use executive action to overturn § 2.2-3900, the Virginia Human Rights Act. If you want a debate, then we’ll see you at a microphone. If you want to break the law, then we’ll see you in court.

(Final score 38-0)

Horrible half for ND offense, but it actually wasn’t the worst first half I remember. That would be the 2007 game vs. Michigan. First three drives went for *negative* 32 yards. ND finished that half with 6 yards, 2 lost fumbles, 1 INT. Finished the game with 79 yards + 5 TOs.

The Governor dropped this news on a Friday night because he knows it’s cruel & shameful. To all the kids and families who just want to be welcome in school — these steps are nowhere near done — and we won’t stop fighting with you. washingtonpost.com/education/2022…

Virginians' new partially refundable earned-income tax credit means low-income earners could get a bigger refund during tax season — or even a refund that otherwise wouldn’t exist. It's a policy Democrats have pursued for years. So how did it happen now? virginiamercury.com/2022/09/16/aft…

How many times are they going to mispronounce Norfolk on this ND-Marshall broadcast?

I hope you all are planning to DM or text me any interesting updates from the Va. special session. 🤓

62. #ACIP votes 13 - 1 to recommend use of the Moderna bivalent Covid booster for people 18 and older. The only person who voted against was Pablo Sánchez.

61. #ACIP votes 13 - 1 to recommend use of the Pfizer-BioNTech bivalent Covid vaccine for people 12 and older.

I wrote about Biden’s big new student loan forgiveness plan for @voxdotcom — here’s everything you need to know. vox.com/2022/8/24/2331…

Because PPP is in the news again: a friendly reminder that not only were PPP loans forgiven, but they also allowed an additional tax benefit because forgiveness recipients also could write off any qualifying expenses they spent their tax-free forgiven PPP loans on.

@JaredWalczak I forgot about that proposal until a friend reminded me earlier today!

So you're telling me that there's going to be additional student loan debt forgiveness for Pell Grant recipients even if they didn't start a business that operates for three years in a disadvantaged community?

To the extent people are concerned about that, there is somewhat of an upper bound, at least for dependent student pop.

In terms of incentives, future borrowing behavior, unintended consequences, etc., at least for federal direct undergrad loans, those amounts are still capped (both per year and aggregate) for dependent students. studentaid.gov/understand-aid…

@kearney_melissa My understanding is that would only apply to undergrad direct loans, which for dependent students, are currently subject to annual ($5.5k, $6.5k, and $7.5k for year 1, year 2, and year 3 and beyond, respectively) and aggregate caps ($31k). So there is at least that constraint.

Also, can someone explain how the 5% cap going forward on payments means something other than these loans now essentially being monopoly money - printed by Treasury, authorized by the Dept of Ed, paid for by taxpayers - subsidizing ever rising higher ed tuition?

Are the economists in the administration all hanging their heads in defeat? The inequity…inefficiency…level of spending…perverse incentives going forward…subsidies to a higher ed market that already has terribly screwed up pricing…. What an astoundingly bad policy move.

I see now that the proposal for the new income-driven repayment plan would define “non-discretionary income” as 225% of federal poverty. Roughly $30,500 for an individual, or $62,400 for a family of four. studentaid.gov/debt-relief-an…

The proposed rule will be published soon, and then there will be a 30-day public comment period. ✍️

Also. For borrowers with original loan balances of $12k or less, they could qualify for forgiveness after 10 years of payments, rather than 20 years under the current program.

THREAD: In addition to what has been widely-reported elsewhere, the full announcement on the student loan pause and debt cancellation includes several significant proposed changes to income-driven repayment. ed.gov/news/press-rel…