Republicans Declare War on Colleges and College Students

To pay for a permanent tax cut on corporations, the Republican tax plan raises taxes on colleges and college students, which is part of a broader Republican war on higher education in the U.S. 

This is a big deal, because in the last half-century, the most important long-term driver of wage growth has arguably been college.

The House bill would reduce benefits for higher education by more than $60 billion in the coming decade. It would shock graduate students with sudden tax increases, punish student debtors, and force schools to raise tuition at a time when higher education already feels unaffordable for many students. 

On balance, the GOP plan would encourage large corporations to invest in new machines in the workplace, while discouraging American workers from investing in themselves.

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