Education Has Been 'Dumbed-Down' in Tax Reform

Florida Tax Review, Vol. 22, Issue 3, 2019

26 Pages Posted: 13 Nov 2019 Last revised: 15 Nov 2019

See all articles by Melanie McCoskey

Melanie McCoskey

University of Akron - The George W. Daverio School of Accountancy

Doron Narotzki

University of Akron - The George W. Daverio School of Accountancy

Date Written: November 13, 2019

Abstract

With promises of “Make America Great Again” and tax reform for “middle-class” Americans, the current federal government administration has implied that the average American would become more prosperous under this tax system. It is no surprise that most middle-class Americans view a college education as a requirement for achieving a better life. However, under the TCJA, education has not fared well, and in reality, students from many low- and moderate-income families will face reduced scholarships from elite schools, thereby reducing diversity on these campuses. Other proposed changes to education in the original tax bill, which were later removed, are also addressed as they may hint to which direction this may go and face legislative changes in the future.

Keywords: Tax Reform, TCJA, Tax Policy, Excise Tax, Tax Exempt Organizations, Endowments

JEL Classification: K34, I22, I23, I24, I28

Suggested Citation

McCoskey, Melanie and Narotzki, Doron, Education Has Been 'Dumbed-Down' in Tax Reform (November 13, 2019). Florida Tax Review, Vol. 22, Issue 3, 2019. Available at SSRN: https://ssrn.com/abstract=3486289

Melanie McCoskey

University of Akron - The George W. Daverio School of Accountancy ( email )

United States

Doron Narotzki (Contact Author)

University of Akron - The George W. Daverio School of Accountancy ( email )

259 S. Broadway Akron
Akron, OH 44325-4802
United States

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