Congressman Graves on disaster relief, and tax relief.


In our weekly visit with US Rep. Garret Graves, we got an update on the proposed tax break for the middle class, and a first hand report on a working group he organized to help expedite disaster relief payments to individuals and communities in the future.

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  1. Aj 5 November, 2017 at 12:09 Reply

    This legislation will ruin us. When all the deductions listed below are repealed, we will be vaulted from the very lowest tax bracket to one of the upper brackets, even though we take home less than 26k. We will be forced out of school but still have the loans to pay off. This takes the GOP’s war on science nuclear .

    Letter I sent to my senators:

    This legislation does not bode well for graduate and professional students. In addition to the consolidating of tax brackets from seven to three and the lowest tax bracket increasing two percent, several essential tax credits are proposed for repeal. These include:

    –Section 117(d), which exempts tuition waivers from being counted as taxable income

    –Section 127, which exempts employer education assistance from being taxed

    –The Lifetime Learning Tax Credit

    –The Student Loan Interest Deduction

    –Consolidation of the American Education Opportunity Credit to only be used for 4 + 1 years

    If these taxes are repealed, graduate and professional students on tuition waiver will be taxed on income for the amount of the waiver in addition to their stipend, and can put students who would usually be in the lowest tax bracket into the middle or highest under the new plan. In short, graduate and professional students cannot afford the repeal of these credits.

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