Republican tax plan on education tax credits, deductions and benefits

By Danielle Douglas-Gabriel November 2 at 4:38 PM

Tucked away in the much anticipated Republican tax bill are a few provisions that are sure to rattle universities, student loan borrowers and anyone paying for college.
Student loan interest, tuition reductions and education assistance: The GOP plan would no longer allow people repaying their student loans to reduce their tax burden by up to $2,500. People whose employer covers a portion of their college costs would also see the money become taxable income.
The plan would also do away with a tuition tax break for university employees and their families. As it stands, tuition discounts provided to that group are excluded from income, under what’s known as qualified tuition reductions. Republicans estimate that by doing away with all of those deductions and tax breaks will increase government revenue by $47.5 billion over the next decade.

https://www.washingtonpost.com/news/grade-point/wp/2017/11/02/republican-tax-plan-seeks-to-shake-up-higher-education-tax-credits-deductions-and-benefits/?utm_term=.de88095c4970


Tell every student loan recipient you know-This plan seeks to suck the life out of a generation of young Americans and feed their corpses to the rich. I hate the GOP!