*By Justin Chermol*
The daunting task of paying back astronomical student loans may soon be less taxing, California Congressman Scott Peters tells told Cheddar Tuesday.
Rep. Peters (D-Calif.) has received 99 co-sponsors on his bipartisan Employer Participation in Repayment Act, which would allow employers to contribute to their employees' student loan payments, tax-free.
"The idea is this: if you go to work for a company, they can pay off up to $5,250 of your student loans in a year without it being income to you, so it's not taxable to you," Peters told Cheddar's J.D. Durkin.
"If you talk to any young person about ... the big thing on their mind: it's student loan debt. They're not buying a house, they're not getting a car, they're living with their parents, all because they have this burden."
According to a recent [report](https://www.federalreserve.gov/publications/files/consumer-community-context-201901.pdf) from the Federal Reserve, the rise in student loan debt from 2005 to 2014 has contributed to a decline in home ownership.
Nearly one in four American adults are paying off student loans. That amounts to over 44 million citizens who hold collectively almost $1.5 trillion in student debt.
"The average debt now, out of a public university: $30,000 for each kid," Peters said.
Peters also said that the bill could benefit the employer as well ー as educated talent will be attracted to jobs that offer this tax-free incentive.
Peter said he feels good about the bill's chances of at least making it to the House floor for a vote.
"I am more optimistic about that in this Congress with Mrs. Pelosi, rather than Mr. Ryan. I think that we are likely to deal with this issue in a serious way," Peters said. "That's the first step."
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The health agency also announced new guidelines that shorten recommended quarantines after close contact with someone infected with coronavirus. Now people can resume normal activity after 10 days, or seven days if they receive a negative test result.
The Transportation Department issued a final rule Wednesday covering service animals. The rule says only dogs can qualify, and they have to be specially trained to help a person with disabilities.
The head of the United Nations is calling on countries to end what he calls a war on nature and instead embrace a future without carbon pollution triggering global warming.
Dr. Anthony Fauci, director of the National Institute of Allergy and Infectious Diseases, discusses a wide range of current topics regarding the COVID-19 pandemic with Cheddar.
An influential government advisory panel says health care workers and nursing home residents should be at the front of the line when the first coronavirus vaccine shots become available.
Attorney General William Barr said Tuesday that the Justice Department has not uncovered evidence of widespread voter fraud and has seen nothing that would change the outcome of the 2020 presidential election.
European regulators say they may approve a coronavirus vaccine developed by drugmakers Pfizer and BioNTech within four weeks.
Americans returning home from Thanksgiving break are facing strict new coronavirus measures around the country as health officials brace for a disastrous worsening of the out-of-control surge because of holiday gatherings over the long weekend.
Federal Communications Commission Chairman Ajit Pai, a Republican, says he is leaving the telecommunications regulator on Inauguration Day.
