Skip Ribbon Commands
Skip to main content

 Email  Share  Print

House Committee Approves Student and Family Tax Simplification Act

June 26, 2014

Capitol

ACE Letter Expresses Concern Over Bill's Impact

​The House Ways and Means Committee voted 22-13 June 24 to approve legislation to consolidate four higher education tax provisions into one.

The Student and Family Tax Simplification Act (H.R. 3393) would combine the Hope Credit, the American Opportunity Tax Credit (AOTC), the Lifetime Learning Credit (LLC), and the tuition deduction into a single AOTC and make it permanent. The opening statement by Rep. Diane Black (R-TN), lead sponsor of the bill with Rep. Danny Davis (D-IL), is available here.

ACE sent a letter Tuesday to committee leaders noting that while the Council supports consolidating current student tax credits and making the AOTC permanent—along with provisions that make an important fix to the interaction between the AOTC and the Pell Grant—it cannot support this bill. The improvements come at the expense of graduate and adult students who use the tuition deduction or the LLC, the letter explains, as well as many low- and middle-income undergraduate students.

Meanwhile in the Senate, the Finance Committee held a hearing Tuesday to examine how the tax code can be leveraged to reduce student debt. More information and a webcast of that hearing is available here.

Other ACE News

  • June 22, 2018

    Today's Headlines

    HEADLINES: Today's Top Higher Education News

    The Wall Street Journal covers President Trump’s comments that Republicans should wait until they have more solid majorities in Congress to pursue an immigration overhaul . . . The Washington Post reports that experts don’t see a likelihood in the...

  • Immigration

    June 22, 2018

    U.S. Capitol Building

    As House Bills Fail, Immigration Issues Remain

    House leaders reportedly have decided to delay until next week a vote on a compromise immigration bill, H.R. 6136, as party divisions—and commentary from the President—remain rampant.

  • Campus Internationalization

    June 20, 2018

    Map with pin in it

    Institute Investigates Complexities of Internationalization

    ACE’s Center for Internationalization and Global Engagement last week hosted the Institute for Leading Internationalization, a yearly convening designed to improve the effectiveness of anyone with a critical role in advancing internationalization on...

  • Credit for Prior Learning

    June 18, 2018

    Apple on a keyboard

    ACE Webinar: Credit for Prior Learning Policies and Accreditation

    There is still time to register for a June 21 webinar hosted by ACE’s Center for Education Attainment and Innovation focused on the role of accreditation in implementing Credit for Prior Learning policies.

  • Institutional Capacity

    June 18, 2018

    ACE2018 session

    Building the Foundations for the 2018-19 ACE Fellows Class

    Last week in Washington, DC, the 2018-19 class of the ACE Fellows Program met for orientation. The cohort members began building relationships that will sustain them throughout the year and laid foundations to maximize their learning.

 

 Related Content