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Senate OKs tax bill changing teacher deduction, expanding school choice

from Education Week

The U.S. Senate has passed its version of a tax overhaul package that contains potential changes for how teachers do their taxes and for state and local education funding, as well as a provision aimed at boosting school choice. Senators passed the GOP-backed Tax Cuts and Jobs Act in the early hours of Saturday morning after extensive negotiations. It contains numerous changes to the current tax code with notable implications for K-12. The legislation approved by a 51-49 vote must now be reconciled with a House tax bill, which passed last month. And the legislation that results from those negotiations must get final approval from both House and Senate before being sent to President Donald Trump for his signature. more


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