[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"detail-sidebar-cat-0-en-105":3,"doc-seo-420780-105":59,"doc-detail-420780-en":131},{"code":4,"msg":5,"data":6},0,"success",[7,13,18,23,28,33,38,43,48,51,55],{"id":8,"doc_module":4,"doc_module_name":9,"category_name":10,"show_sort_weight":11,"slug":12},1,"Document","Story & Novel",90,"story-novel",{"id":14,"doc_module":4,"doc_module_name":9,"category_name":15,"show_sort_weight":16,"slug":17},2,"Literature",80,"literature",{"id":19,"doc_module":4,"doc_module_name":9,"category_name":20,"show_sort_weight":21,"slug":22},4,"Exam",70,"exam",{"id":24,"doc_module":4,"doc_module_name":9,"category_name":25,"show_sort_weight":26,"slug":27},5,"Comic",60,"comic",{"id":29,"doc_module":4,"doc_module_name":9,"category_name":30,"show_sort_weight":31,"slug":32},6,"Technology",50,"technology",{"id":34,"doc_module":4,"doc_module_name":9,"category_name":35,"show_sort_weight":36,"slug":37},7,"Healthcare",40,"healthcare",{"id":39,"doc_module":4,"doc_module_name":9,"category_name":40,"show_sort_weight":41,"slug":42},8,"Research & Report",30,"research-report",{"id":44,"doc_module":4,"doc_module_name":9,"category_name":45,"show_sort_weight":46,"slug":47},9,"Religion & Spirituality",20,"religion-spirituality",{"id":46,"doc_module":4,"doc_module_name":9,"category_name":49,"show_sort_weight":46,"slug":50},"World Cup","world-cup",{"id":52,"doc_module":4,"doc_module_name":9,"category_name":53,"show_sort_weight":52,"slug":54},10,"Lifestyle","lifestyle",{"id":56,"doc_module":4,"doc_module_name":9,"category_name":57,"show_sort_weight":24,"slug":58},19,"General","general",{"code":4,"msg":60,"data":61},"ok",{"site_id":62,"language":63,"slug":64,"title":65,"keywords":66,"description":67,"schema_data":68,"social_meta":124,"head_meta":126,"extra_data":128,"updated_unix":130},105,"en","education-community-criticizes-tax-reform-plan-cont","EDUCATION COMMUNITY CRITICIZES TAX REFORM PLAN - (Cont.)","","House Ways and Means Committee markup of President Reagan’s tax reform proposal rejects ending federal tax deductions for state and local taxpayers, but targets private colleges and universities with provisions that could increase education costs and limit benefits. The package would drop certain tax-exempt scholarship and fellowship treatment, cap tax-exempt bonds for nongovernmental purposes, and apply nondiscrimination rules to pension plans, raising compliance expenses. It also extends selected tax credits and employee education assistance while detailing impacts for institutions and donors.",{"@graph":69,"@context":123},[70,84,106],{"@type":71,"itemListElement":72},"BreadcrumbList",[73,77,79,82],{"item":74,"name":75,"@type":76,"position":8},"https://docshare.wps.com","Home","ListItem",{"item":78,"name":9,"@type":76,"position":14},"https://docshare.wps.com/document/",{"item":80,"name":20,"@type":76,"position":81},"https://docshare.wps.com/document/exam/",3,{"item":83,"name":65,"@type":76,"position":19},"https://docshare.wps.com/document/education-community-criticizes-tax-reform-plan-cont/420780/",{"url":83,"name":65,"@type":85,"image":86,"author":91,"headline":65,"publisher":94,"fileFormat":97,"inLanguage":63,"description":67,"dateModified":98,"datePublished":99,"encodingFormat":97,"isAccessibleForFree":100,"interactionStatistic":101},"DigitalDocument",{"url":87,"@type":88,"width":89,"height":90},"https://docshare.wps.com/thumbnails/education-community-criticizes-tax-reform-plan-cont/420780.png","ImageObject",300,407,{"name":92,"@type":93},"Mafia 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charitable giving for nonitemizers?",{"text":122,"@type":114},"It would make the nonitemizer deduction for charitable giving permanent and allow nonitemizers to deduct contributions over $100 from their income 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panel could prove a severesetback for private colleges and universities,say higher education lobbyists.  \nThe House Ways and Means Committee completed its markup of President Reagan'stax reform proposal,sending it off to the House Rules Committee for consid-er ation.Approving by voice vote a compromise measure of the tax plan offeredby committee Chairman Dan Rostenkowski,D-I11.,the panel rejected Reagan'sproposal to end feder al tax deductions for state and local taxpayers--a planthat lobbyists said would have increased the cost of education by $16 billion.  \nHowever,private colleges and universities did not fare as well under Rosten-kowski's plan,according to Kathleen Curry,associate director of gover nmentrelations for the National Association of Independent Colleges and Universi-ties.\"It hits us real hard,\"she said.  \nIax Exemptions Dropped?The new tax package,which has not yet received abill number,would end tax-exempt status for an institution's scholarship andfellowship income exceeding tuition and equipment expenses.Curry called thatpart of the bill the \"most offensive,\"but other provisions,such as placing avolume cap on tax-exempt bonds,also could hurt private institutions.  \nThe committee also agreed to make permanent the nonitemizer deduction forcharitable giving and would allow nonitemizers to deduct from their incometaxes any contribution over $100.For instance,a taxpayer who gives $75 to achurch and $75 to a college could claim a $50 charitable deduction.  \nOpposition To Floor On GivingCurrent law allows a full deduction oncharitable giving for nonitemizers,which would end Jan.1 if the tax reformmeasure passes.Higher education lobbyists have opposed any floor on charit-able giving·Also to be taxed wil1 be large gifts of appreciated property tocolleges and universities.  \nThe House committee recommended placing an annual state cap of $175 per resi-dent or $200 million,whichever is less,on tax-exempt bonds used for\"nongov-ernmental\"purposes.The cap would be reduced to $125 per capita in 1988.  \nThe cap would affect bonds issued to fund Guar anteed Student Loans and supple-mental bonds issued to benefit private colleges.At least $25 of the $175 capwould have to be used for colleges and hospitals,placing them in competitionfor the bonds.Higher education institutions also would be limited to issuing$150 million in bonds annually to keep their tax-exempt status(HED,Oct.29)。(more)  \nNovember 26,1985  \n# EDUCATION COMMUNITY CRITICIZES TAX REFORM PLAN(Cont.)\n\nCurry viewed the committee's proposal,\"although an improvement over the ori-ginal”plan,as \"harmful to independent colleges.\"If the caps_had been inplace in 1984,Curry said,35 states would have exceeded the allowable amount.  \n\"Public and private colleges would receive unequal treatment,\"Curry said.\"Public colleges would be allowed unlimited access to the market,while pr1-vate colleges would be placed under severe volume restrictions.\"  \nAlso potentially harmful to colleges and universities are nondiscriminationrules that would be applied to nonelective employer-provided pension plans.Those rules,which would determine whether the plans are compar able,are\"veryexpensive to administer,\"according to Bil1 Heller,vice president and asso-ciate general counsel for the Teachers Insur ance Annuity Association/CollegeRetirement Fund.  \nUnder that plan,salary reduction contributions would be 1imited to $7,000 peryear,to be offset by individual retirement account(IRA)contributions.Inother words,if a $2,000 deduction is allowed for an IRA and $1,000 is contrib-uted,only $1,000 could be contributed to an IRA,said Curry.Hardship with-drawals would be allowed,but would be subject to a 15 percent penalty tax.  \nExtend Tax CreditsThe committee also agreed to extend the research anddevelopment tax credit for three years at an increment","cbCairq4K5BJxXws","https://ap.wps.com/l/cbCairq4K5BJxXws","pdf",1806004,"English","# EDUCATION COMMUNITY CRITICIZES TAX REFORM PLAN\n## EDUCATION COMMUNITY CRITICIZES TAX REFORM PLAN (Cont.)\n# COLLEGE LIBRARIES MAY BE CERTIFIED AS \"MAJOR\" FOR FOUR YEARS UNDER RULES\n# UNIVERSITY OF CALIFORNIA TO EXPAND MINORITY RECRUITMENT PROGRAMS","[{\"question\":\"Why do higher education lobbyists criticize the tax reform plan?\",\"answer\":\"They say provisions would harm private colleges and universities, including changes affecting tax-exempt scholarship and fellowship income and limits on tax-exempt bond volume.\"},{\"question\":\"What changes does the plan propose for tax-exempt scholarship and fellowship income?\",\"answer\":\"It would end tax-exempt status for scholarship and fellowship income exceeding an institution’s tuition and equipment expenses.\"},{\"question\":\"How does the committee address charitable giving for nonitemizers?\",\"answer\":\"It would make the nonitemizer deduction for charitable giving permanent and allow nonitemizers to deduct contributions over $100 from their income taxes.\"}]","EDUCATION COMMUNITY CRITICIZES TAX REFORM PLAN - (Cont.) | PDF",1790622353,18]