The House and Senate tax reform bills moving forward on Capitol Hill have drawn intense push-back from the higher education community. The bills contain troublesome provisions for students and institutions, increasing educational costs for millions. In particular, the House bill would tax the tuition reductions that many graduate students depend on, repeal the student loan interest deduction, and tax employer-provided educational benefits. According to the Congressional Joint Committee on Taxation, the House bill would cost students and families more than $71 billion over the next decade.
Over the last several days, since the tax bills emerged, FSU has actively engaged its congressional delegation to detail the potential negative impacts on students and the institution. FSU advocacy in response to the tax reform proposals has moved forward in tandem with the advocacy of universities across the nation and the national higher education associations. Additionally, Members of Congress are hearing directly from their constituents. The push on tax reform will resume in the Senate after Thanksgiving. Additional details will be posted to this site as they become available.