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Here’s what’s on the chopping block FROM THE Existing Tax Code; Consider the profound impact that these changes to the tax code will have on students, families, and educational institutions : *ELIMINATE THE Deduction for state sales taxes WHICH are the foundation of school funding; THIS make passage of school levies and bonds more difficult, as voters realize their state and local taxes can no longer be used to off-set their federal tax liabilities! *Eliminate Deduction for interest on student loans; *Eliminate Deduction for college tuition; *Eliminate Business deduction for employees’ tuition; *Eliminate Section 529 college savings accounts but add Add TUITITON FOR K-12 private schools; * Eliminate$250 teacher deduction for supplies: *Eliminate Deduction for state sales taxes**
At dianeravitch.net
