On November 16, 2017, Republicans in the House of Representatives
passed H.R. 1 (the "Tax Cuts and Jobs Act") along a party-line vote. The bill includes massive tax cuts for the wealthy, while substantially increasing the deficit and, and increasing the tax burden for many middle-income earners. In an attempt to reduce the deficits created by these tax cuts, the tax bill also makes tuition payments by colleges and universities taxable as federal income. This would dramatically increase students' tax bills, by up to $10,000, potentially quadrupling tax bills for students at private universities. Scientific and higher education associations have opposed the measure, noting that it would discourage student enrollment, devastate the teaching and research missions of universities, massively increase the cost of college attendance, and weaken the STEM workforce in the U.S.
The analysis below details how the tax bill passed by House Republicans would affect graduate students, usi...