1) Credit scores will recover, just as they do after other changes, 2) yes, tax bills might go up but it’s unlikely the increase will be as high as current debt payments. So let’s stop arguing over nonsense.

Source: Wiping out the nation’s student-loan debt could have unintended financial consequences for borrowers – MarketWatch

Ordinary workers who were responsible with their personaly finances will be the first impacted through layoffs and less access to loans when the risky moves taken by shady investors turns south.

Source: Leveraged loans risks are growing, regulators warn — Quartz

This has been proven time and again.

Source: New study finds company tax incentives don’t spur economic growth – Axios

Consider that most service industry workers make far less than the $28.29/hour cited in the story, stock ownership is something most people can’t even fathom.

Source: It now costs the average worker a record 114 hours’ pay to buy the S&P 500 – MarketWatch

Poor people bear a greater tax burden because the wealthy can afford to find loopholes.

Source: Who pays the lowest taxes in the US? – Vox

Wasn’t going to work, hasn’t worked and won’t work for anyone other than investors and business owners.

Source: On its second anniversary, the TCJA has cut taxes for corporations, but nothing has trickled down | Economic Policy Institute