Arizona Vs. Biden
The state of Arizona sued over the plan on Sept. 30, arguing that its implementation will harm the state’s economy, increase its cost of borrowing and limit the ability of the state attorney general’s office to recruit legal talent. The office relies on other student debt relief programs to attract staff.
No action has been taken in the case.
Laschober Vs. Cardona
The first suit challenging the law was filed Sept. 12 by a former candidate for the US Senate in Oregon, who claims the relief will worsen inflation and raise the interest expense on his mortgage as a result.
No hearing has been set on the request by Daniel Laschober, who ran for office as a Republican, to temporarily block the program.
Brown County Taxpayers Association Vs. Biden
A federal judge this week dismissed a challenge to the plan brought by a local taxpayers association in Wisconsin, ruling that the group didn’t have standing to sue.
The group’s lawsuit claimed that there is an “improper racial motive” behind Biden’s plan, which the White House has said seeks to help Black borrowers and advance racial equity.
The complaint also characterized the plan as “a massive taxing and spending policy passed without participation of the People’s representatives.”
This article was provided by Bloomberg News.