Higher education groups blast House GOP tax bill

… the Hope Scholarship Credit and Lifetime Learning Credit. Those two credits would be “consolidated” into the American Opportunity Tax Credit, which would partially expand eligibility to students and families pursuing a fifth year of higher education (it’s currently capped at four years). — “This isn’t about good policy,” said Steven Bloom, director of federal relations at the American Council on Education. “This is about raising revenue, really on the backs of students.” — Peter McPherson, president of the Association of Public and Land-grant Universities, said in a statement that the GOP bill “would have deeply negative consequences for access to higher education, the cost of college, and efforts to develop the highly skilled workforce that is needed to propel our nation’s economy forward.”

Read full article [here].
by Mel Leonor, with help from Caitlin Emma, Michael Stratford and Kimberly Hefling., Politico.

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