Universities, companies lobby for tax-free tuition helpThe Wall Street Journal.
The tax-overhaul package passed by the Senate earlier this month includes the provision, which has been part of US tax law since the late 1970s. The House version would require employees to pay taxes on the benefit for the first time. Congressional leaders are working to send a final bill to President Donald Trump by Christmas.
Hewlett Packard Enterprise Co, Starbucks Corp and others say offering tax-free tuition assistance makes it easier for them to keep and train employees. Universities say they could lose thousands of students if the tuition programme is taxed. The nation’s economic development would be stunted if employees shy away from pricey training programmes, they say.
Full report on The Wall Street Journal site