<p>People have been talking about the $4000 tax credit since the primaries, and nothing has gone forward.
Now does the tax credit go to the college kid or the parent? If a student is volunteering for 100 hours and does not have a job, and therefor pays no taxes, how exactly is the person getting the tax credit? My only taxable occupation is work study, and I am lucky to get more than $2k a school year. So would this credit be given to the parents, as many students parents are the main contributor in tuition costs. Obviously if it goes to the parents no one can guarentee it will be used for college costs with all the economic problems going on.
Yes, the cost of college CAN be expensive, but the US also has the best college system. No one is forcing students to go to expensive, private universities that they can’t afford without taking out large loans. There are plenty of affordable CC’s that many can pay for out of pocket by working full time. State universities are also extremely affordable, many in PA are well under $10k a year.
The other issue is how long the tax credit will actually take to go through. Personally, I have monthly expenses to pay for (insurance, rent, gas, food), and need to have at least a bi weekly check/income. However, if the tax credit is just an end of the year thing, some blue collar students may not be able to volunteer>work. Additionally, the schools may factor in the $4k into the FA package, as in, they may decrease grants by $4k because a students need is decreasing by $4k, whether its by income or tax cuts. The financial need will only decrease if a credit/cut is given. Also, there is talk within the house to actually RAISE taxes on the middle class to increase revenue.
Basically there has been a TON of talk about this credit for quite a long time, but nothing has gone through, and Congress is now shifting their focus on health care. I’m not expecting this to pass anytime soon.
Also, Europeans pay much higher taxes than Americans, which is why they can afford to offer extremely cheap tuition. Also, with the exception of Oxford and Cambridge, US colleges are better than most Europeans ones.</p>
<p>" The tax break should go towards kids whose parents make over 250,000 because these kids will most likely be able to contribute more highly to society when they graduate."</p>
<p>So, help the rich get richer??</p>
<p>If someone’s parents make $250,000+/ yr, they won’t really need that $4000 to help pay for college. The smart thing would be to help those who are in need. This way more people get a chance to have a better education therefore a brighter future for the country overall.</p>
<p>in the words of Chadwick, “Alex was just ■■■■■■■■ you”</p>