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College and University Discussion
Reply to "a popular bill for politicians of any party"
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[quote=Anonymous]It's time to bring tax credits/deductions up to modern day. The American Opportunity Tax Credit is 2500 a year for 4 years. And it phases out at a certain income Lifetime Learning Credit (LLC) is 2k once. Also phases out. The AOTC has been 2500 since 2009. Obama’s original proposal sought to expand on existing tax credits by covering 2/3 of the cost of tuition at an average public college, so this 2500 was already big compromise. Make it 10k per year.. Make the LLC 10k. Make the credit for DC residents 20k. No income phase outs. Social Security and other things for the oldest, richest part of the population moves with inflation. Time for family tax credits to do the same. [/quote]
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