Megabill Creates $5B Tax Shelter for Private School Donors

‘Big Beautiful Bill’ makes big education changes

As we continue our examination of the massive federal legislation called the “Big Beautiful Bill” by proponents, it is important to look at the education portion of the bill. As you can see from the analysis below, the federal funding…

Student Loan Reform Is Underway – Now the Senate Can Strengthen It

The House version of the reconciliation package in Congress, passed on May 22, marks a long-overdue step toward fiscal responsibility in higher education. The policies in HR 1, also known as the One Big Beautiful Bill Act, should encourage students and taxpayers. These include eliminating the inflationary Grad PLUS loan program, placing borrowing caps on Parent PLUS loans, instituting skin-in-the-game requirements for colleges and universities, …

Megabill Creates $5B Tax Shelter for Private School Donors

Amy Hanauer, The Hill The budget reconciliation bill passed by the House last month, the "One Big Beautiful Bill Act, " contains an unconventional provision establishing an unprecedented tax...

The ‘Big, Beautiful’ Bill Creates a $5 Billion Tax Shelter for Private School Donors

This op-ed originally appeared in The Hill On May 22, Congress passed the House reconciliation bill or “One Big Beautiful Bill Act” by a one-vote margin. The bill’s dozens of destructive tax provisions would supercharge inequality and force devastating cuts to health and food aid that have been bedrocks of the American safety net since the 1960s. What has gotten less attention is an extremely unconventional provision establishing an unprecedente…