Posted on 08/26/2015 9:55:15 AM PDT by Academiadotorg
Hillary Clinton recently unveiled her higher education plan to reduce college student loan debt. As the Americans for Tax Reform (ATR) points out, Hillary’s plan, called the “New College Compact,” involves:
States creating grants to reduce cost burden on students
Free tuition at community colleges
Cutting interest rates on student loans, although no specifics mentioned
Investing in the GI Bill for military veterans
Federal government support for private endowment colleges
Expanding AmeriCorps
Income-repayment for student loans, where loans are taken out and payments made based on a student’s projected income after college graduation
Simplifying FAFSA, which is the form that students fill out to get financial aid from the federal government
With grants and other incentives, pushing colleges to raise graduation rates and improve child care for students
Target for-profit institutions for using “deceptive marketing” and “fraud”
Paying for all the above by eliminating tax deductions for undefined, wealthy Americans
According to ATR’s estimates, this plan will, at least, increase income taxes for 23,000 families in New Hampshire based off on her proposal. ATR added:
The $350 billion tax hike over ten years comes in the form of a 28 percent cap on itemized deductions. This creates a new Alternative Minimum Tax.
“By capping itemized deductions — which already phase out based on income — Clinton will complicate the tax code and bring back the AMT for millions of families,” said Grover Norquist, president of Americans for Tax Reform. “The original AMT targeted 155 individuals but grew to target 40 million families. Hillary’s new idea is the old AMT that starts as a $350 billion tax hike and will certainly grow.”
Back in June, Clinton spokesman Brian Fallon warned of upcoming “revenue enhancements” – and the campaign has not disappointed. Today’s tax increase follows her July proposal for the most complicated capital gains tax scheme in U.S. history.
Clinton has also called for a tax increase in the form of a “Buffett Rule.”
She did so well with Hillary Care, might as well go try to screw up higher education more than it is already screwed up.
The bad news is, almost half of American pay no taxes and won’t care.
Really? Why the rich? After all, they are the people who actually do things in the economy, like creating jobs for new college graduates. But, pashaw...let's really get the War on the Rich in gear and stuff this economy and the Republic that runs based upon it, down the drain. I wonder: How many of you were hired by a poor person?
When are you going to unveil which pant suit you’re going to wear to the prison hillary?
Don’t even THINK about it.
improve child care for students....whaaaat??
Boy did I screw up. I sent my son to college. I should have bought him a McDonalds instead.
She did when she wore orange and said, what, wiped the server with a cloth?
Typical liberal. See my tagline.
Tax increases are coming. Get used to it.
The majority wants more free sh*t and they’re more than happy to see the EEEEEEVIL RICH pay for it. Imposing a Tobin Tax on Wall Street to pay for this or to shore up SS will poll 75% approval. At the end of the day many Republicans will vote for it.
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