University Officials Relieved, Cautious After Tax Bill Passes
University of Illinois President Tim Killeen is pleased the Republican tax reform bill protects graduate education. But, he cautions it could harm higher education in other areas.
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University of Illinois President Tim Killeen is pleased the Republican tax reform bill protects graduate education. But, he cautions it could harm higher education in other areas.
Congressional Republicans delivered on their first major legislative accomplishment of the Trump era on Wednesday, when the House voted 224-201 to pass a $1.5 trillion tax package. The bill cuts individual rates for eight years and slashes the top corporate tax rate to 21 percent permanently.
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Republicans in Congress approved a sweeping and controversial $1.5 trillion tax overhaul, with the Senate voting early Wednesday along straight party lines to move the measure forward.