October 30, 2018

Inside Higher Ed: Democratic Contenders Get Ambitious With Equity Proposals

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The Harris tax credit bill, called the LIFT the Middle Class Act, could also have implications for higher ed access — although the legislation wouldn’t have the same focus on assisting students from the poorest families. The proposal would function like a beefed-up version of the earned income tax credit and phase in quickly for individuals and married couples who work.

It would offer substantial immediate benefits. Families earning up to $60,000 could receive up to $6,000 annually under the proposal. The Institute on Taxation and Economic Policy estimated that one million Pell-eligible students would qualify for a $3,000 tax credit under the plan.

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