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Testimony to the Senate Finance Committee Hearing on Education Tax Incentives and Tax Reform

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Testimony to the Senate Finance Committee Hearing on Education Tax Incentives and Tax Reform

August 09, 2012

ACE President Molly Corbett Broad's testimony for the record submitted to the Senate Committee on Finance for the hearing on education tax incentives and tax reform held July 25, 2012.

In the comments, ACE and the 11 eleven higher education groups signing on to the testimony strongly support extensions of the American Opportunity Tax Credit, the above-the-line deduction for qualified tuition and related expenses, employer-provided educational assistance benefits, the expanded Student Loan Interest Deduction, and the expanded Coverdell Education Savings Accounts. However, the groups also support efforts to simplify and consolidate several of the higher education tax credits and deductions to make them easier to use and therefore more effective.

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