WASHINGTON (AP) – Millions of Americans would lose the ability to deduct up to $2,500 in student loan interest under the Republican tax bill.
Education advocates say the proposal would make college less affordable. But supporters of the measure say the loss would be offset by other provisions in the bill.READ MORE: US Ramps Up Plan To Expel Thousands Of Haitian Migrants Gathered In Texas
In a letter to top members of the House Ways and Means Committee, the American Council of Education asked lawmakers to reconsider their plan and keep the deduction for student loan interest. ACE, a leading national higher education advocacy and research group, said Tuesday, “This bill heads in the wrong direction.”READ MORE: Cecile Richards: Supreme Court's Inaction On Texas Abortion Law Could Mean End Of Roe
In 2015, 12.2 million taxpayers took the student loan deduction, which phases out at higher incomes.
The Education Department did not respond to a request for comment Tuesday.MORE NEWS: 'Kids Aren't That Careful At School': Teen Twins Get Vaccinated At Fair Park
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