Tax Exemption, Beautiful Bill
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For future medical students, whose education is notoriously expensive, the changes could be particularly worrying: The median cost for a medical student’s education at private school is $390,848, while the median cost for in-state public school is $286,454, according to the Association of American Medical Colleges.
President Donald Trump’s “big, beautiful bill” includes major wins for business interests that carried out aggressive lobbying campaigns on Capitol Hill.
Form 1099-MISC (for payments not covered by other 1099 forms), and Form 1099-NEC (for nonemployee compensation) have been changed.
The 900-page federal bill is expected to promote private schools at the expense of public ones, reduce student loan options and food assistance, cut into school budgets and heavily tax private university endowments.
An analysis by the Maryland Department of Health projects an annual loss of $2.7 billion because of changes to Medicaid.
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Contrary to President Donald Trump’s claim that no one will die as a result of the Republican budget bill, an analysis from the University of Pennsylvania and Yale University estimated that the legislation’s changes to Medicaid and the Affordable Care Act will result in at least 42,
The act will also restrict Pell grant eligibility to students with unmet financial need from states and higher education institutions, while increasing total Pell funding by $10.5 billion.
PHILADELPHIA — Democratic National Committee chairman Ken Martin has had a rough start to his tenure. There’s been infighting within the party and within DNC leadership fueled by varying opinions on how Democrats should move forward after last year’s disappointing election.