Unpopular grad tax might be cut from GOP tax plan
The GOP’s tax bill may not end up raising taxes for graduate students as much as they had feared, Bloomberg reports. The final version of the tax plan that blends individual bills from the House and Senate won’t tax the thousands of dollars many graduate students receive in tuition reductions as income, Sen. Steve Daines (R-MT) told Bloomberg.
At least, that’s what Daines and an unidentified source told Bloomberg that House and Senate Republicans tentatively agreed to on Wednesday as the GOP continues to push for a vote on the bill before Christmas. It will be welcome news for the graduate students concerned that the tax hike would financially devastate them, and make pursuing a PhD an option only for the wealthy.
PhD students usually…
