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Larry Arnn, the college’s president, wrote that he believed the proposal was “fair” because institutions like his do not accept taxpayers dollars.

But, he added, “as a matter of principle the government should reduce its subsidies to universities rather than taxing endowments.” Principia College, a small, private institution in Illinois that does not receive Title IV funds, would be at risk of being subject to the tax if it were to grow by roughly 20 students.

Certainly more details are known about the tax bill than the ACA.

There are numerous websites where you can enter your tax information and see how you will be affected.

These numbers and others put Republicans in a precarious position heading into 2018.

The GOP is already bracing for losses often suffered by the party in power in midterm elections, especially when the President is of the same party and has low approval ratings. They have to own the tax bill during the 2018 election cycle. Their best arguments are that more than 80 percent of West Virginia taxpayers use the standard deduction rather than itemizing and those folks all get a tax break.

In addition to those measures, the bill would impose a 21-percent tax on annual compensation in excess of

Larry Arnn, the college’s president, wrote that he believed the proposal was “fair” because institutions like his do not accept taxpayers dollars.But, he added, “as a matter of principle the government should reduce its subsidies to universities rather than taxing endowments.” Principia College, a small, private institution in Illinois that does not receive Title IV funds, would be at risk of being subject to the tax if it were to grow by roughly 20 students.

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Larry Arnn, the college’s president, wrote that he believed the proposal was “fair” because institutions like his do not accept taxpayers dollars.

But, he added, “as a matter of principle the government should reduce its subsidies to universities rather than taxing endowments.” Principia College, a small, private institution in Illinois that does not receive Title IV funds, would be at risk of being subject to the tax if it were to grow by roughly 20 students.

Certainly more details are known about the tax bill than the ACA.

There are numerous websites where you can enter your tax information and see how you will be affected.

These numbers and others put Republicans in a precarious position heading into 2018.

The GOP is already bracing for losses often suffered by the party in power in midterm elections, especially when the President is of the same party and has low approval ratings. They have to own the tax bill during the 2018 election cycle. Their best arguments are that more than 80 percent of West Virginia taxpayers use the standard deduction rather than itemizing and those folks all get a tax break.

In addition to those measures, the bill would impose a 21-percent tax on annual compensation in excess of $1 million paid to any of a nonprofit organization’s five highest-paid employees.

That’s a one-percentage-point increase from the legislation’s original measures.

million paid to any of a nonprofit organization’s five highest-paid employees.

That’s a one-percentage-point increase from the legislation’s original measures.

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Notably, a proposed tax on tuition waivers for graduate students and other college employees is no longer in the compromise legislation. But even without some controversial measures, the overall package is still expected to have a significant effect on higher-education budgets.The provision is expected to affect fewer than 30 colleges nationwide, though the number could certainly grow.A small change in this section states that the tax applies only to “institutions more than 50 percent of the tuition paying students of which are located in the United States.” During debate over the Senate’s version of the bill, Sen.Pat Toomey, Republican of Pennsylvania, proposed an exemption from the tax for colleges that decline to accept federal funds, a plan seen as helping a single institution, Michigan’s Hillsdale College, the beneficiary of many conservative donors.The “Hillsdale Carve-Out,” as it came to be known, was rejected in the Senate’s final bill.

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