As the U.S. House and Senate work to reconcile their differing versions of a federal tax reform plan, one thing appears certain: significant changes are ahead for our nation’s schools.
If you’re curious about how provisions in the federal tax overhaul bill might affect K-12 students and schools, this brief, 4-minute audio report from National Public Radio provides a concise summary of the key changes proposed by Congress likely to impact public K-12 schools and their students.
Early Saturday morning (Dec. 2) the U.S. Senate voted 51 to 49 along partisan lines to pass its version of the federal Tax Cuts and Jobs Act (H.R. 1). The plan, as passed, could add one trillion dollars to the federal debt over the next decade, which many education leaders fear could trigger calls for a significant reduction in spending for federal programs, including those that support K-12 education. Last month, the U.S. House of Representatives, passed its own version of the tax reform legislation. Continue reading U.S. Senate Passes Tax Code Reform Legislation