Nearly 250,000 education jobs at risk if Congress eliminates state and local tax deduction

As part of its $5 trillion tax plan giveaway to the wealthiest and corporations, the U.S. House Republican leadership bill eliminates most of the state and local tax deduction (SALT). Its elimination could blow a hole in state and local revenue to support public education and put nearly 250,000 education jobs at risk, according to a detailed analysis by the National Education Association. In Wisconsin, that would put 4,680 educator jobs in jeopardy and risk the loss of $4.6 million in support of public elementary and secondary schools over the next 10 years.

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Americans over age 60 fastest growing demographic for student loan debt

According to the Consumer Financial Protection Bureau’s “Snapshot of Older Consumers and Student Loan Debt”, the age demographic in which student loan debt is increasing fastest is Americans over the age of 60. Factors for the explosion of debt in this group, according to the report, include it taking longer for borrowers to repay their loans and more parents and grandparents borrowing to help finance higher educations for their children or grandchildren.

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7 out of 10 school referendums pass

Voters on Tuesday approved seven out of 10 school referendums throughout Wisconsin. Referendums were approved in Barneveld (2), Cochrane-Fountain City, Florence, Princeton, Three Lakes and Union Grove. Referendums lost in Freedom (2) and Milton.

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NEA President says tax plan is giveaway to wealthiest funded on backs of students and working families

The tax plan released by House Republican leaders and backed by President Trump is a massive tax giveaway to the wealthiest individuals and corporations funded on the backs of students and working families, NEA President Lily Eskelsen García said. The plan expands an education tax loophole that would further benefit the wealthy and allow them to set aside money for private school expenses while cutting tax deductions for the middle class. It also eliminates the educator tax deduction that allows educators to deduct eligible unreimbursed classroom spending up to $250.

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