The Tax Bill: What Education Reporters Need to Know
Public schools and universities on edge over Republican plan for overhaul
The tax legislation congressional Republicans are rushing to complete has potentially big stakes for education. Critics suggest it will translate into a big financial hit for public schools and universities, as the rules for education-related deductions, revenue-raising bond measures and more are potentially tightened. Andrew Ujifusa of Education Week and Eric Kelderman of The Chronicle of Higher Education offer a primer on the House and Senate versions of the tax-code overhaul, including key differences lawmakers still must hammer out. They explain how the GOP legislation could change everything from how state and local property taxes that support schools are deducted by homeowners to how public universities structure their bond measures. They also address a Senate provision that offers new tax benefits to private school parents.