How the Tax Bills Would Hit Higher Ed

As Republican leaders in the Senate lobbied to secure the votes needed for a drastic overhaul of the U.S. tax system, higher education leaders and student groups have continued to keep the spotlight on provisions in both houses of Congress that would significantly affect — and, they believe, badly hurt — institutions and college-goers alike.

Both tax reform plans would for the first time tax the income of college endowments by targeting the largest endowments at private institutions — a “disastrous precedent for universities and indeed, for all charitable organizations,” said Mary Sue Coleman, president of the Association of American Universities, in a statement this week. But the effects of the two bills on students and colleges are wide-ranging.

Read more at Inside Higher Ed: https://www.insidehighered.com/news/2017/11/30/how-senate-and-house-tax-bills-would-hit-higher-education