Devastating Blow to Graduate Researchers

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According to the New York TImes, Republicans in the House of Representatives have just passed a tax bill that would devastate graduate research in the United States.

Questions:

1. What would be the result if universities try to cover the tuition that will now be taxed for graduate students?
2. How does the American public benefit from graduate students?
3. What happens to the Lifetime Learning credit as a result of this bill?
4. Is this bill now law? Explain.

Source:
Rosseau, E. (2017). he House Just Voted to Bankrupt Graduate Students. The New York Times, Nov. 16 (Retrievable online at https://www.nytimes.com/2017/11/16/opinion/house-tax-bill-graduate-students.html)