Admiral Rockwell Tory
Diamond Member
The bill is based on An economic theory that has never worked as promised. It’s like communism...looks good theory but sucks in reality.
More to the point though...consider this. Jobs.
More to the point, the kind of jobs we want to attract...that we hope these investors will theoretically bring with their massive cuts.
Jobs that require education, in particular higher education. Cutting edge high tech, sciences, medicine...jobs that pay well and make us national leaders.
But what is in the bill? A Republican inspired wet dream of educational vendettas. Teachers can no longer claim tax breaks for supplies they buy. Students can no longer deduct student loan interest. And the most mean spirited, taxing tuition waivers.
Tuition waivers are designed to attract and help fund quality students on higher degrees (MA, MS, PHD)They cover some of the cost of tuition reducing the need for loans. Students work and receive a small stipend as income. That along with loans pays for fees, books and other non covered costs as well as rent and living expenses. The stipend is taxed. The tuition waiver is a grant they never see as income.
In more expensive institutions, tuition alone can be as much as $50,000 per term and the associated stipend around $ 30,000. This means those students are going to have to pay tax on 80,000 worth of income while living on a far smaller stipend. State U’s cost less. The one I work for is 12,000 to 17,000 per semester for tuition. Stipends are correspondingly lower, around 14,600 for a doctoral, less for a masters. Do the math, many students are not going to be able to pay this.
So what is going to happen? A less qualified American work force losing out to foreign workers? Or, more likely are we just going to see a proliferation of low skill low pay jobs in the service sector? We don’t need more of those and you already look down your nose at those workers.
What is our workforce going to look like and where will we be in terms of scientific invitation?
This is not surprising to find in the bill...it’s a reflection of an ongoing right wing attack on higher education. Students aren’t like wealthy donors, their political clout is relatively small. But they are our country’s future. They become wealthy donors. THEY will be the ones facing the massive deficit and they will be the ones paying for our care down the road. Kind of sounds like we are fucking them over in this bill.
I do not want that future to mirror idiocracy.
You apparently can add taxes to the list you don't know anything about.
I have been a teacher every year that the $250 tax credit has been given. I have been able to take it once.
Did you conveniently forget that the standard deduction from everyone has doubled? Put that deduction back in and very few would be able to claim it anyway.
BTW, you work for a VERY expensive school. Have a nice day!![]()
I don't work for a very expensive school, it's in fact pretty inexpensive in so far as state universities go.
But mainly - my point was on taxing student tuition waivers. What are your thoughts on that?
I don't give a shit! How's that?
And, yes, you do work for a very expensive school.