Volume 95 Issue 45 | p. 16 | News of The Week
Issue Date: November 13, 2017 | Web Date: November 7, 2017

U.S. tax legislation would help chemical industry, kill breaks for students and private universities

Rates for companies would get slashed, college endowments taxed
Department: Government & Policy
Keywords: legislation, tax, reform, manufacturers, universities, student loans

Tax reform legislation proposed by Republicans in the U.S. House of Representatives would boost large chemical companies and other U.S.-based multinationals. But research universities, teaching assistants, and those with student loans would lose key benefits under the plan to enact the first major overhaul of the U.S. tax system in more than 30 years.

The introduction of the bill (H.R. 1) on Nov. 2 is an “important step toward modernizing . . .

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