Earlier today, the Senate passed the Tax Cuts and Jobs Act. Given that the House passed its version of the tax bill on November 16, the House and Senate will now choose members for a conference committee to reconcile the two versions of the bill.
The House bill contains a provision that would make tuition waivers for graduate students subject to income tax, increasing the tax liability of hundreds of thousands of graduate students. The Senate bill does not include that provision.
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This is now a high-profile issue, with coverage in the New York Times, the Washington Post, and Vox. While we expect the conference committee to play an outsized role in the negotiations, it is important that as many legislators as possible hear from their constituents on this issue.
We expect conferees to be announced next week. Once they are, we will let you know who they are as soon as possible and reach out to our advocates in those key districts and states. Please stay tuned!
We will continue to keep you updated as the bill progresses. Thank you for your support.