Republican tax bill drops controversial loan provisions | WVIA

Republican tax bill drops controversial loan provisions

Last Updated by Press, The Associated on
Republican lawmakers have dropped from the tax bill provisions that were criticized by students and educators as making college less affordable.

House and Senate Republican leaders forged an agreement Wednesday on what would be the most sweeping overhaul of the nation's tax laws in more than 30 years. The package would give generous tax cuts to corporations and the wealthiest Americans, and more modest tax cuts to low- and middle-income families.

The updated version leaves in place the deduction for interest on student loans, according to two congressional aides. The bill also would no longer start taxing graduate-school tuition waivers.

Education Secretary Betsy DeVos would not comment on the bill in the works, other than to say that she supports a separate provision to extend savings accounts that are now restricted to college tuition to K-12 education.

"Happy with the addition of the 529 piece in the bill," DeVos said on the sidelines of a summit devoted to university innovation on Thursday. "But beyond that I know that this is like sausage making, so I am looking forward to the results and to a successful outcome."

Speaking more broadly about higher education legislation, DeVos said, "This is an opportunity for us to look more holistically at higher education and the fact that there are multiple pathways to a successful adult life."

"We should look at education not as increments of time, but as a life-long pursuit."

Terry Hartle with the American Council on Education praised the fact that the deductions and subsidies for college students were left intact in the joint tax bill.

"If true, this is welcome for the millions of students who use these benefits every year to help them finance a college education," Hartle said. "And since a highly educated workforce is in America's interest, it's good news for the country as well."

A Republican higher education bill that aims to eliminate key loan subsidies for college students and give a boost to for-profit colleges cleared an initial hurdle in the House earlier this
listenlive_fulllength.jpg cove_spacer.png
Now Playing on WVIA-FM


Statewide Summer Reading Panel.png nprnews5.jpg

How Soon Is Soon Enough To Learn You Have Alzheimer's?

Only about half the people with Alzheimer's symptoms get a diagnosis, partly out of fear of an incurable decline...

GOP Rep. Brian Fitzpatrick: 'The President Was Manipulated By Vladimir Putin'

Pennsylvania Congressman Fitzpatrick served in the FBI and says he has full confidence in the US intelligence...

Scientists Search For Causes Of Preterm Birth And Better Ways To Test For Risk

Preterm birth, a leading cause of death in infants, remains stubbornly hard to prevent. Researchers are on the hunt...

Finding The Right Words To Help Rohingya Refugees

A group called Translators Without Borders is developing a glossary to help humanitarian workers in Bangladesh...

Trump Administration Releases Classified Warrants For FBI Wiretap Of Carter Page

Republicans claim the 412 pages reveal FBI bias in favor of Hillary Clinton; Democrats say the documents are...

healthybites_sidebar2.png reserve3.png artscene_header.png