ERIC Number: EJ1164015
Record Type: Journal
Publication Date: 2017-Nov-28
Shortsighted Tax Policy: Senate and House Tax Reform Bills Would Increase Burdens on Universities and Students
Morris, Matthew A.
New England Journal of Higher Education, Nov 2017
If there is one area of common ground between the Republican leadership in the U.S. Senate and House of Representatives, it is that the time has finally come for those entities that are not currently paying their fair share of taxes to step forward and be held accountable. Both the Senate and House tax reform bills propose that these entities--which have traditionally been afforded favorable tax treatment under the Internal Revenue Code--should no longer be entitled to shield their revenues from U.S. income tax. What are these taxpayer-subsidized entities that the Senate and House both agree should be subject to new tax burdens? Many readers will be surprised to hear that the answer to this question is private, non-profit U.S. colleges and universities rather than multinational, for-profit corporations. The following is a summary of the common threads and points of departure for the portions of the Senate and House tax reform bills relating to college and university endowments and tuition assistance programs.
Descriptors: Taxes, Public Policy, Federal Legislation, Finance Reform, Educational Finance, Higher Education, Universities, Private Colleges, Endowment Funds, Tuition, Tax Credits, Student Financial Aid
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Publication Type: Journal Articles; Reports - Descriptive
Education Level: Higher Education
Authoring Institution: N/A
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