Students & Educators against GOP Tax Bill
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**Edit: Even if you are not a student or educator yourself, but you are opposed to the GOP Tax Bill and the implications on education, please sign!**
The newly introduced GOP tax bill, if passed, will have a devastating effect on education in the US.
- Public school teachers spend, on average, $500 out-of-pocket for school supplies for their classrooms. Under the new tax plan, they will no longer be able to get tax deductions for this money spent. It penalizes teachers and students alike. You can see Rep. Susan DelBene's line of questioning on how corporations will be prioritized over teachers.
- College students will start paying taxes on the interest accrued for student loans. The change will affect an about 12.4 million people, and is estimated to increase the cost of student loans by $24 billion over the next 10 years. Not only will this negatively impact current college students and recent graduates, but it risks making a college education out of reach for thousands of students.
- Graduate students will be forced to pay taxes on their tuition waivers, which often surpass the stipend they received. For example, most graduate students receive an annual stipend in the $20K - $30K range, while tuition and fees can range from $12K-$50K depending on your year in a program, and the program itself. The bump into a different tax bracket means students will end up paying an additional $4K-$13K in taxes -- when their income is less than $30K! Some having likened this to "taxing a coupon", and believe the bill will negatively impact American research via brain drain.
The GOP tax bill is an assault on American education on all fronts, negatively impacting public school students and teachers, college aged students, recent college grads, PhD students, and researchers housed at colleges and universities. Please sign this petition to signal to Congress: we will not stand for it!
Additionally, please consider calling your senator or representative, and asking them to vote no on this bill.
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