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Cedar Rapids Gazette in Cedar Rapids, Iowa

03 Dec 2017

Page 3

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Newspaper

Cedar Rapids Gazette

Location

Cedar Rapids, Iowa, United States of America

Date

Dec 03, 2017

Page

3

Tax reform talks hinge on House Senate clash and ties to deficit

Congressional Republicans push a tax bill with House and Senate differences over state and local taxes, mortgage deductions, and tax brackets. A joint committee will reconcile terms as Republicans seek a swift path before holidays despite a $1 trillion cost even with growth.

MENTIONED IN THIS ARTICLE

Washington Arctic National Wildlife Refuge House Senate Congress Congressional Donald Trump New York New Jersey California Susan Collins Maine Lamar Alexander R-Tenn Patty Murray D-Wash Jim Jordan Ohio Joint Committee On Taxation Owever
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Senate tax bill stakes for education and private schooling

The Senate tax bill could affect public education funding and expand private school incentives. It imposes a 1.4 percent excise tax on endowments at many wealthy colleges, alters deduction rules for state and local taxes, and boosts a tax free college savings option for private K 12 schooling. The plan contrasts with House measures on tuition waivers student loan deductions and credits, with votes and reconciliations ongoing.

MENTIONED IN THIS ARTICLE

Senate House Congress Ted Cruz Texas Susan Collins Maine Lisa Murkowski Alaska Mike Pence
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