The 75-pages buried in Pelosi’s 1,815-page ‘Heroes Act’ that would keep Democrats in power forever

[mystery-ak]

May 17, 2020
The 75-pages buried in Pelosi’s 1,815-page ‘Heroes Act’ that would keep Democrats in power forever
By Dennis Sevakis

Well, here you have it, folks. Nancy's pipe dream legislation:

This Act may be cited as the "Health and Economic Recovery Omnibus Emergency Solutions Act" or the "HEROES Act"

Has a nice ring to it. You may download your own personal copy of the 1,815-page monstrosity from NPR here (first place I found it). If you'd like it autographed, you'll have to check with Ms. Pelosi.

To get a better idea of what this legislation is all about, spend some time perusing "Division P" of the legislation, starting on page 1452. This 75-page gem (This Act may be cited as the ‘‘American Coronavirus/COVID–19 Election Safety and Security Act’’ or the ‘‘ACCESS Act’’) is all about federalizing voting practices and procedures, and is essentially Pelosi's H.R. 1 reincarnated to include mail-in voting. This is what the end game is all about ... "access" for everyone to vote. And not for Donald Trump.

more
https://www.americanthinker.com/blog/2020/05/the_75pages_buried_in_pelosis_1815page_heroes_act_that_would_keep_democrats_in_power_forever.html

[Smokin Joe]

Just a quick peek found this gem:

‘‘(h) WRITING DOWN BALANCES FOR FEDERAL STUDENT LOAN BORROWERS.—

‘‘(1)   IN   GENERAL.—Not   later   than   30   days   after  the  date  of  enactment  of  the  HEROES  Act,  the  Secretary  shall  cancel  or  repay  an  amount  on  the  outstanding  balance  due  (including  the  unpaid  principal  amount,  any  accrued  interest,  and  any  fees  or  charges)  on  the  Federal  student  loans  defined  in  subparagraphs  (A)  and  (B)  of  section  3502(a)(2)  of  a borrower that is equal to the lesser of—
'‘(A) $10,000; or
‘‘(B)  the  total  outstanding  balance  due  on  such loans of the borrower.

‘‘(2)     APPLICATION.—Unless     otherwise     requested  by  the  borrower  in  writing,  a  cancellation  or  repayment  under  paragraph  (1)  shall  be  applied  — 
‘‘(A)  in  the  case  of  a  borrower  whose  loans  have  different  applicable  rates  of  interest,  first  toward  the  outstanding  balance  due  on  the  loan  with   the   highest   applicable   rate   of   interest   among such loans; and
‘‘(B)  in  the  case  of  a  borrower  of  loans  that  have  the  same  applicable  rates  of  interest,  first  toward  the  outstanding  balance  of  principal  due  on  the  loan  with  the  highest  principal  balance among such loans.

‘‘(3)  DATA  TO  IMPLEMENT.—Contractors  of  the  Secretary,   and   holders   of   Federal   student   loans, shall  report,  to  the  satisfaction  of  the  Secretary  the  5information necessary to carry out this subsection.

‘‘(4)  TAXATION.—For  purposes  of  the  Internal  Revenue  Code  of  1986,  in  the  case  of  any  cancellation  or  repayment  of  indebtedness  under  this  subsection with respect to any borrower:
 
‘‘(A)  EXCLUSION  FROM  GROSS  INCOME.— No  amount  shall  be  included  in  the  gross  income  of  such  borrower  by  reason  of  such  cancellation or repayment.

‘‘(B)  WAIVER   OF   INFORMATION   REPORTING   REQUIREMENTS.—Amounts  excluded  from  gross  income  under  subparagraph  (A)  shall  not  be  required  to  be  reported  (and  shall  not  be  taken  into  account  in  determining  whether  any  reporting   requirement   applies)   under   chapter   2061 of such Code.’’.

It's a freebie and not even taxable.
Unemployment is taxable income.