Published: Fri, December 01, 2017
Markets | By Terence Owen

Auburn graduate students protest tax reform bill

Auburn graduate students protest tax reform bill

Graduate students rally against the proposed GOP tax reform bill at Union Square in the Manhattan borough of New York City, New York, U.S., November 29, 2017.

"At NYU its different everywhere, but people in GSAS receive around $27,000 [annually]" said Eliza Brown, 26, a GSOC Steward in the third year of her Sociology M.A. "Tax is usually a couple thousand dollars".

Graduate and Ph.D. students at the University of Minnesota joined a national day of rallying against a version of tax reform that has passed in the United States House of Representatives.

The Senate version would not tax tuition waivers as income.

"We're confident if it's not completely preserved, there will be some sort of compromise to where graduate students or other university workers are not footing all of the bill", Davis spokeswoman Ashley Phelps said.

They're anxious that adding more financial stress for future graduate students to navigate will make graduate school an unattainable career path for people from low-income backgrounds and families.

"I'm a first-generation college student, so my family doesn't exactly have the money to keep sending me to graduate school or anything", Butler said.

The Senate is expected to vote on its own tax bill by Friday.

UC Berkeley students gathered at noon on Sproul Plaza to protest the GOP's tax plan. However, students who are working toward an advanced degree are among those who could be paying more under the new plan.

The discoveries and creations of these graduate students underpin numerous innovations we take for granted, from the airplanes we fly in to the drugs we take when sick and the smartphone you may be reading this on.

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"We get paid about $25,000 in stipends annually", student Michael Burrows said.

"Duke has been working with other universities in North Carolina, and national associations, to support students and employees, and to advocate for sensible tax policies that create opportunity and advancement, not punish them".

"I would have to drop out", she said.

In addition to taxing tuition waivers, the bill also targets $5,250 of tax-free income faculty, undergraduates and graduate students receive.

"Tax reform should not be borne on the backs of our hardworking graduate students", continued the statement, signed by Napolitano as well as Student Regent Paul Monge and Student Regent-designate Devon Graves.

How do you think this could affect future students' choices to enter graduate school?

By our calculations, for the public university student, the maximum increases in TTO were $1,826 for a single filer with one child, $3,373 for a married couple, and $2,168 for a married couple with one child. "The legislation takes important steps to help more Americans access the education, regardless of where they work - from dramatically simplifying the complex maze of higher education provisions that exist today to strengthening education savings tools".

Beyond the direct effects, Simmons also sees a larger tension ahead if the bill's tax cuts further a two-decade-long squeeze of federal discretionary spending.

"As this proposed legislation has serious potential to negatively impact the Duquesne community and higher education at-large, I have voiced the University's opposition to specific aspects of this bill to key legislators in Washington", he said. It would force many of us, especially the most marginalized and vulnerable among us, to seriously consider dropping out of school.

On Nov. 16, the House of Representatives approved its plan to slash the corporate tax rate and temporarily cut taxes for individuals and families. At USC, for example, many graduate students are given tuition waivers in exchange for teaching classes, grading papers and doing research. The movement has also partnered with Save Grad Ed, a consortium of students from six universities who will be forced to withdrawal from their universities as a result of the bill, according to their site. "Graduate students are the bedrock of innovation, of research, of technology, of the economy". Students' loan interest deduction is also at risk for repeal.

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