From the Washington Post

By Moriah Balingit and Danielle Douglas-Gabriel December 18, 2017

It may be bad for public school funding at all levels.

The proposal curtails the ability of taxpayers to deduct state and local taxes from their federal tax bill, limiting the deduction to $10,000. By increasing the federal tax burden on individuals, advocates worry that states, counties and school boards will have a tougher time raising money for schools, which get most of their resources from state and local tax revenues.

Public colleges and universities could also see a ripple effect. Though people will be able to deduct up to $10,000 in state and local taxes, that might not be enough to relieve pressure on states to cut their own taxes to compensate. And that could reduce revenue for public colleges and universities, which down the road could raise tuition to offset the loss of funding.

Share →

Leave a Reply