Thursday, July 22, 2004

The Senate Finance Committee is holding a hearing today on The Role of Higher Education Financing in Strengthening U.S. Competitiveness in a Global Economy. The Joint Tax Committee has released, in conjunction with the hearing, a 50-page report, Present Law and Analysis Relating to Tax Benefits for Higher Education:

Part One is an executive summary of the items discussed in the document. Part Two escribes in detail the present-law tax benefits relating to education, including benefits provided o individuals and private and public providers of education. Part Three includes background ata relating to college enrollment and costs, economic analysis of tax benefits for education, and discussion of simplification concerns with respect to tax benefits for higher education.