Proposed Tax Credit For Businesses Would Help Employees Pay Off Student Loans
(Harrisburg, PA) -- A House Democrat says he plans to introduce legislation that would provide a tax credit to businesses that offer programs to help their workers pay off student debt. Representative Morgan Cephas of Philadelphia says he'd like to see a program that would let employers and employees not have to pay income taxes on the payments they made. He says too few businesses offer the repayment programs due to the required taxes.