Skip Ribbon Commands
Skip to main content

 Email  Share  Print

ACE Issues Talking Points on Student and Family Tax Simplification Act

July 09, 2014

capitol dome

Also Submits Testimony to the Senate Finance Committee on Higher Education and the Tax Code

​ACE has issued a set of talking points on the Student and Family Tax Simplification Act (H.R. 3393), which the House of Representatives is expected to vote on as early as next week.

The House Ways and Means Committee voted 22-13 June 24 to approve the bill, which combines the Hope Scholarship Credit, the American Opportunity Tax Credit (AOTC), the Lifetime Learning Credit (LLC), and the tuition deduction into a single AOTC and makes it permanent. The lead sponsors of the bill are Rep. Diane Black (R-TN) and Rep. Danny Davis (D-IL).

The talking points explain that while consolidating current student tax credits and making the AOTC permanent are positive developments—along with provisions that make an important fix to the interaction between the AOTC and the Pell Grant—the improvements come at the expense of graduate and adult students who use the tuition deduction or the LLC, as well as many low- and middle-income undergraduate students.

ACE sent a letter to Ways and Means leaders ahead of the committee vote noting that despite the positive changes the bill would make, it cannot support the bill.

ACE also sent testimony for the record to the Senate Finance Committee for its June 24 hearing on higher education and the tax code, along with eight other higher education associations.

In their remarks, the groups discuss the benefits of the current higher education provisions in the tax code to students and families and outline how tax reform provides an excellent opportunity to improve these benefits.

Other ACE News

  • May 28, 2015

    Today's Headlines

    HEADLINES: Today's Top Higher Education News

    In today’s headlines, Inside Higher Ed reports on the status of public higher education funding in Illinois, Louisiana and Wisconsin, and Reuters covers the court decision upholding federal “gainful employment” rules. In other news, The Associated...

  • Innovative Practices

    May 27, 2015

    Quick Hit Students in Classroom

    ACE Releases Quick Hit Paper on Predictive Analytics

    Higher education is at a pivotal point in the use of data to improve student success, according to "Moving the Needle on Predictive Analytics," the latest brief released by ACE’s Center for Education Attainment and Innovation.

  • Credit for Prior Learning

    May 27, 2015

    Register Now for Free Webinar on Military Credit

    ​Register now for Mapping Military Training & Occupations to Postsecondary Credentials, a two-part webinar scheduled for June 16 and June 18.

  • Innovative Practices

    May 22, 2015

    alternative credit project

    Calling All Proposals for ACE Alternative Credit Consortium

    Institutions demonstrating a strong commitment to access and attainment, particularly those serving nontraditional students, are invited to submit proposals to join the second wave of ACE’s alternative credit consortium.

  • Law and the Courts

    May 22, 2015

    Library with Colorful Books

    Access and Diversity Collaborative Issues Syllabus

    Designed to map relevant issues about campus diversity and direct institutions to important resources that can help them understand these issues, develop effective policies and mitigate legal risk.

 

 Related Content