Action Alert: Take Action on Tax Reform

Congress is considering major tax overhauls that would increase the tax burden for many graduate students. H.R. 1 would increase taxes for many graduate students because tuition waivers would be taxed as income, even though students do not directly receive the money. The bill would also eliminate individual deductions for college tuition, interest, and other education expenses. The House of Representatives has passed the legislation. The Senate Finance Committee passed their own version of the legislation, which does not include these objectionable changes to current tax law. The Senate bill still needs to be voted on by the full chamber and then any differences in the legislation will be worked out between the chambers. Please take a minute to write to your Representative and Senators in opposition to this change. Take action today! The American Institute of Biological Sciences sent a letter to Congress to express concerns about the legislation. More coverage about the legislation is at https://www.aibs.org/public-policy-reports/20171113.html.      
Source: Public Policy Reports - Category: Biology Authors: Source Type: news