Why I Can't Back the House's Version of Tax Reform

The House tax reform plan contains a change that will have devastating effects on Americans and the economy.

On Friday, the Republican-controlled Senate joined the Republican-controlled House in passing a major tax reform bill.…

That is one reform in the House tax reform plan that largely has been overlooked by conservative media and could have devastating effects on American education, innovation and the economy: if the current bill in the House is passed, graduate school tuition waivers will be counted as personal income and be taxed. The result would be a massive tax increase on grad students, most of whom barely have money for personal expenses, much less paying taxes.