[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"doc-seo-418789-105":3,"detail-sidebar-cat-0-en-105":81,"doc-detail-418789-en":131},{"code":4,"msg":5,"data":6},0,"ok",{"site_id":7,"language":8,"slug":9,"title":10,"keywords":11,"description":12,"schema_data":13,"social_meta":74,"head_meta":76,"extra_data":78,"updated_unix":80},105,"en","higher-education-would-be-big-loser-under-tax-reform-proposal","HIGHER EDUCATION WOULD BE 'BIG LOSER' UNDER TAX REFORM PROPOSAL","","Reagan’s proposed elimination of federal tax deductions for state and local taxes is criticized as devastating to higher education, with Rep. James Jeffords arguing education would be the major “big loser.” The plan would also remove tax exemption for interest on state and local student loan bonds, reducing funds earmarked for education. Economists and lawmakers cite large projected losses to state/local governments and changes to deductions for education-related purposes, travel, and scholarships.",{"@graph":14,"@context":73},[15,34,56],{"@type":16,"itemListElement":17},"BreadcrumbList",[18,23,27,31],{"item":19,"name":20,"@type":21,"position":22},"https://docshare.wps.com","Home","ListItem",1,{"item":24,"name":25,"@type":21,"position":26},"https://docshare.wps.com/document/","Document",2,{"item":28,"name":29,"@type":21,"position":30},"https://docshare.wps.com/document/exam/","Exam",3,{"item":32,"name":10,"@type":21,"position":33},"https://docshare.wps.com/document/higher-education-would-be-big-loser-under-tax-reform-proposal/418789/",4,{"url":32,"name":10,"@type":35,"image":36,"author":41,"headline":10,"publisher":44,"fileFormat":47,"inLanguage":8,"description":12,"dateModified":48,"datePublished":49,"encodingFormat":47,"isAccessibleForFree":50,"interactionStatistic":51},"DigitalDocument",{"url":37,"@type":38,"width":39,"height":40},"https://docshare.wps.com/thumbnails/higher-education-would-be-big-loser-under-tax-reform-proposal/418789.png","ImageObject",300,407,{"name":42,"@type":43},"Finn","Person",{"url":19,"name":45,"@type":46},"DocShare","Organization","application/pdf","2026-11-06","2026-09-28",true,{"@type":52,"interactionType":53,"userInteractionCount":55},"InteractionCounter",{"@type":54},"ViewAction",14,{"@type":57,"mainEntity":58},"FAQPage",[59,65,69],{"name":60,"@type":61,"acceptedAnswer":62},"Why does Rep. James Jeffords say higher education would be a “big loser”?","Question",{"text":63,"@type":64},"He argues that removing federal deductions for state and local taxes, and eliminating certain interest exemptions for student loan bonds, would substantially reduce education-related funding.","Answer",{"name":66,"@type":61,"acceptedAnswer":67},"What education funding impact is projected from losing state and local deduction-related tax revenue?",{"text":68,"@type":64},"Donald Phares estimates state and local governments would lose about $39 billion in fiscal 1987 due to reduced deductions, and education would bear a portion of that loss.",{"name":70,"@type":61,"acceptedAnswer":71},"What changes to student-aid funding does the House supplemental bill make?",{"text":72,"@type":64},"It boosts the Pell Grant program by $287 million, expands the Guaranteed Student Loan program by $720 million, extends Title III funds through Sept. 30, 1986, and makes special education teacher training funds available upon signing.","https://schema.org",{"og:url":32,"og:type":75,"og:title":10,"og:site_name":45,"og:description":12},"article",{"robots":77,"canonical":32},"index,follow",{"doc_id":79,"site_id":7},418789,1790790394,{"code":4,"msg":82,"data":83},"success",[84,88,92,95,100,105,110,115,120,123,127],{"id":22,"doc_module":4,"doc_module_name":25,"category_name":85,"show_sort_weight":86,"slug":87},"Story & Novel",90,"story-novel",{"id":26,"doc_module":4,"doc_module_name":25,"category_name":89,"show_sort_weight":90,"slug":91},"Literature",80,"literature",{"id":33,"doc_module":4,"doc_module_name":25,"category_name":29,"show_sort_weight":93,"slug":94},70,"exam",{"id":96,"doc_module":4,"doc_module_name":25,"category_name":97,"show_sort_weight":98,"slug":99},5,"Comic",60,"comic",{"id":101,"doc_module":4,"doc_module_name":25,"category_name":102,"show_sort_weight":103,"slug":104},6,"Technology",50,"technology",{"id":106,"doc_module":4,"doc_module_name":25,"category_name":107,"show_sort_weight":108,"slug":109},7,"Healthcare",40,"healthcare",{"id":111,"doc_module":4,"doc_module_name":25,"category_name":112,"show_sort_weight":113,"slug":114},8,"Research & Report",30,"research-report",{"id":116,"doc_module":4,"doc_module_name":25,"category_name":117,"show_sort_weight":118,"slug":119},9,"Religion & Spirituality",20,"religion-spirituality",{"id":118,"doc_module":4,"doc_module_name":25,"category_name":121,"show_sort_weight":118,"slug":122},"World Cup","world-cup",{"id":124,"doc_module":4,"doc_module_name":25,"category_name":125,"show_sort_weight":124,"slug":126},10,"Lifestyle","lifestyle",{"id":128,"doc_module":4,"doc_module_name":25,"category_name":129,"show_sort_weight":96,"slug":130},19,"General","general",{"code":4,"msg":82,"data":132},{"doc_id":79,"user_id":133,"nickname":42,"user_avatar":134,"doc_module":4,"category_id":33,"category_name":29,"doc_title":10,"doc_description":12,"doc_content":135,"file_id":136,"file_url":137,"file_type":138,"file_size":139,"view_count":55,"is_deleted":4,"is_public":22,"is_downloadable":22,"audit_status":22,"page_count":106,"language":140,"language_code":8,"site_id":7,"html_lang":8,"table_of_contents":141,"faqs":142,"seo_title":143,"seo_description":12,"update_tm":144,"read_time":145,"preview_page_count":4},34359740700684,"https://ap-avatar.wpscdn.com/avatar/1f400023980c374ae676?_k=1777273430885731487","HIGHER EDUCATIONDAILYThe Independent daily news service foradministrators in postsecondaryeducation.  \nVo1.13,No,116  \nFriday,June 14,1985  \n# HIGHER EDUCATION WOULD BE'BIG LOSER'UNDER TAX REFORM PROPOSAL\n\nHigher education will be the \"big loser”if President Reagan's proposed elimi-nation of federal tax deductions for state and local taxes 1s approved,Rep.James Jeffords,R-Vt.,charged yesterday at a Washington,D.C.,news conference.  \nMoreover,the tax exemption for interest from state and local student loanbonds would be eliminated completely,Jeffords said.Under the current system,those funds account for $450 million earmarked for education-related purposes.  \n\"The impact upon education is devastating,\"said Jeffords.\"We must reaffirmeducation as a top priority.\"  \nJeffords,the ranking Republican on the House Education and Labor Committee,moderated a panel of congressmen,educators and lobbyists who convened to ini-tiate a national lobbying effort,called SALT-D,to retain state and local taxdeductions.  \n$40 Billion Loss?      Loss of deductions for state and local taxes in comput-ing federal taxes would cause state and local governments to lose $39 bill1onin fiscal 1987,said Donald Phares,professor of economics and public policy atthe University of Missouri.Education gets 94 percent of its aid from stateand local taxes and would bear 2 percent of that $39 billion loss,Phares said.  \nIndividuals who itemize deductions on federal taxes can now deduct the cost ofstate and local taxes to lower their federally taxable income.Reagan's plan,which in this area mirrors the Treasury Department plan put forward late lastyear,would discontinue this deduction(HED,May 30)。  \nMany Losses Under present law,the nation's taxpayers take $16 billion indeductions for education-related purposes,$14 billion of which come from stateand local deductions,according to figures from Jeffords'office.  The tax re-form proposal would pare that down to about $1.5 billion in taxes earmarked foreducation,Jeffords said.  \nDeductions taken for charitable contributions that now account for $910 millionearmarked nationwide for education would be cut to $905 million if Reagan's taxplan is approved,Jeffords said.Scholarship income,which is now tax exemptand accounts for $645 million in exclusions set aside for education,would becut to $545 million.  \nAnother change that would hurt higher education would be the loss of federaltax deductions that parents take for money put into education savings accounts.Also lost would be the federal deductions for education travel expenes.  \n(more)  \nJune 14,1985  \n# HIGHER EDUCATION WOULD BE 'BIG LOSER'UNDER TAX REFORM PROPOSAL(Cont.)\n\n\"Unfortunately,we have a long tradition for supporting higher education fromlocal taxes,\"said Rep.William Ford,D-Mich,and member of the House Educa-tion and Labor Committee.  \nJeffords emphasized that\"we should be trying to accomplish how to improve edu-cation.\"He suggested that one positive way to reform the tax system would beto give tax breaks for those keeping savings accounts for colleges,similar totax-deferred Individual Retirement Accounts.  \n\"This tax reform proposal needs another four years to realize the full benefitsthe reform would bring to us,\"former Education Secretary Terrel Bell told theconference via a videotaped message.  \nSevere ProblemWhile Bell stressed the need for tax reform,he said thisproposal would severely hurt education,especially state and local fundingneeded for instructors'salaries.\"Salaries need to be competitive,perform-ance-based.Our future is resting upon education.\"  \nBell said he is concerned about losing tax incentives for education.The fed-eral government has previously provided federal tax breaks,such as tax-freebonds,that encourage state and local commitment to education,Bell said.  \n\"We may be taking incentives away from making these changes.We will have achange in the traditional practices of not taxing local school districts andnot taxing incentives for schools ","cbCaicI9qkBuWCHs","https://ap.wps.com/l/cbCaicI9qkBuWCHs","pdf",1816389,"English","# HIGHER EDUCATION WOULD BE 'BIG LOSER' UNDER TAX REFORM PROPOSAL\n## HIGHER EDUCATION WOULD BE 'BIG LOSER' UNDER TAX REFORM PROPOSAL (Cont.)\n# HOUSE ADOPTS SUPPLEMENTAL WITH STUDENT AID FUNDS\n# NEW STUDENT LOAN STRATEGIES FLOATED BEFORE HOUSE SUBCOMMITTEE","[{\"question\":\"Why does Rep. James Jeffords say higher education would be a “big loser”?\",\"answer\":\"He argues that removing federal deductions for state and local taxes, and eliminating certain interest exemptions for student loan bonds, would substantially reduce education-related funding.\"},{\"question\":\"What education funding impact is projected from losing state and local deduction-related tax revenue?\",\"answer\":\"Donald Phares estimates state and local governments would lose about $39 billion in fiscal 1987 due to reduced deductions, and education would bear a portion of that loss.\"},{\"question\":\"What changes to student-aid funding does the House supplemental bill make?\",\"answer\":\"It boosts the Pell Grant program by $287 million, expands the Guaranteed Student Loan program by $720 million, extends Title III funds through Sept. 30, 1986, and makes special education teacher training funds available upon signing.\"}]","HIGHER EDUCATION WOULD BE 'BIG LOSER' UNDER TAX REFORM PROPOSAL | PDF",1790614352,18]