11-07-2017, 12:41 PM
In my area, the proposed bill has the opportunity to really damage higher education across the country: http://www.chronicle.com/article/Republican-Tax-Proposal-Gets/241662
tl;dr: The proposal eliminates a lot of credits and programs that will make college less affordable and will reduce investment revenue and charitable receipts.
On a personal note, this also results in me having to stop my education if this passes as is. Eliminating the tax exemption under IRC section 117 (d) means that my tuition waivers become taxable income, which isn't something I would be able to afford since I work for a state that does a shitty job compensating its employees.
tl;dr: The proposal eliminates a lot of credits and programs that will make college less affordable and will reduce investment revenue and charitable receipts.
On a personal note, this also results in me having to stop my education if this passes as is. Eliminating the tax exemption under IRC section 117 (d) means that my tuition waivers become taxable income, which isn't something I would be able to afford since I work for a state that does a shitty job compensating its employees.
