A federal judge ordered immediate implementation of a rule designed to help students cheated by for-profit colleges get relief on their education debt. The rule was put in place by the Obama administration and delayed by education secretary Betsy DeVos after Trump took office. Eighteen states and the district of Columbia sued DeVos over her actions.
The rule was known as the Borrower Defense Rule that outlined a way for student borrowers to apply for student loan forgiveness if they were defrauded or misled by their college. About the same time. DeVos actions took place, President Trump had to settle out of court a multi million dollar law suit against his Trump University brought by students. The suit alleged fraud, false advertisement and empty promises.
The actions that DeVos took was criticized by the Democrats and consumer groups. This writer believes DeVos was following Trump and the GOP ideology as usual. Consumer protection comes last because they cater to the wealthy. The Trump-GOP tax cuts are another reminder.
This commentary written by Joe Lorio
Wednesday, October 17, 2018
Orleans Parish School Board Denied A Tax Break For Bollinger Algiers
The school board voted to reject Bollinger Algiers application for a 5 year property tax exemption under Louisiana's Industrial Tax Exemption Program. The board said they rejected the request because the application did not meet two of four rules for tax break approval by the board. The story was carried in a Times Picayune article of 10/14.
The school board did not have the power to review industrial tax exemptions until Governor Edwards changed the process. It was the right thing to do because before he acted other state boards could make the decisions that would cause school districts to lose out on taxes that support public education without having a say so in the matter. It should be obvious that local government should have a say so in tax matters that affect them.
Bollinger, like other business received a 14% federal tax break when Trump and the GOP lowered the corporate income tax rate from 35% to 21%. But the business community is never satisfied. They always want more from the states and the federal government. The Baton Rouge area is facing the same kind of tax relief filed by EXXON for the tax exemption. And all know EXXON is one of the largest corporations in the world and very profitable. The school district in that area should reject EXXONS request. Louisiana needs the tax revenue, EXXON does not need the exemption.
This commentary written by Joe Lorio
The school board did not have the power to review industrial tax exemptions until Governor Edwards changed the process. It was the right thing to do because before he acted other state boards could make the decisions that would cause school districts to lose out on taxes that support public education without having a say so in the matter. It should be obvious that local government should have a say so in tax matters that affect them.
Bollinger, like other business received a 14% federal tax break when Trump and the GOP lowered the corporate income tax rate from 35% to 21%. But the business community is never satisfied. They always want more from the states and the federal government. The Baton Rouge area is facing the same kind of tax relief filed by EXXON for the tax exemption. And all know EXXON is one of the largest corporations in the world and very profitable. The school district in that area should reject EXXONS request. Louisiana needs the tax revenue, EXXON does not need the exemption.
This commentary written by Joe Lorio
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