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Connecting the Dots on Tax Reform: AGB Responds to Wall Street Journal Opinion

Connecting the Dots on Tax Reform: AGB Responds to Wall Street Journal Opinion

The following is adapted from a letter AGB President Richard D. Legon sent to the Wall Street Journal’s editorial board in response to its Nov. 8 opinion, “The College Tax Reform Tantrum.”

It’s nice to see that the Journal’s editorial board has already caught the holiday spirit. I was anticipating a call for the return of work houses and debtors’ prisons!

At a time in history when the United States most needs a strong and educated workforce, the House tax bill represents a loss of more than $110 billion in resources benefiting students, families, colleges, and universities over 10 years. “Simplification” and elimination of tax credits, tuition waivers, and interest deductions alone represent $65 billion over 10 years. These provisions are critical to the adult, low-income, and first-generation students who benefit, especially at community colleges.

College and university trustees—who are themselves business and community leaders—know how important such provisions are to America’s economic future. They are voicing their concerns to Congress and being heard. It is inconceivable to me that the Journal cannot make the same connection. 

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