As part of the Obama campaign's "Greater Together" initiative to reach young voters, on Tuesday the team hosted a student summit at North Carolina Central University. The event marks the first of more than 28 others that the campaign will hold throughout the next two weeks at historically black colleges and universities, including Morehouse College, Norfolk State University, Bennett College and Florida A&M University. But in addition to the usual suspects, such as Campaign Manager Jim Messina and White House Senior Adviser Valerie Jarrett, in tow at the Durham HBCU campus was actress Gabrielle Union. "I stood by [President Obama] in 2008, and that election invigorated me in a way that I'd never really been before about being part of the process," Union told The Root on why she's lending her voice to his re-election effort. "I take a lot of pride knowing that my president understands that we are our brothers' and sisters' keepers, and we have a responsibility to each other. He … [Read more...] about Gabrielle Union Hits the Trail for Obama
Tax credit for tuition
Reducing student debt and making public college tuition debt-free has entered the political mainstream—at least among the field of Democratic presidential hopefuls. The leading three candidates at Tuesday night's CNN Democratic presidential debate—Hillary Clinton, Bernie Sanders, and Martin O'Malley—all said they want to make tuition at public colleges and universities debt-free. They also all gave forceful endorsements to reducing the loan burden on students. "The hardest thing about going to college should not be paying for it," Clinton said, quoting a student she said she spoke to. Clinton promised to allow U.S. students with outstanding loans to refinance at a low interest rate. "That will save thousands of dollars for people who are now struggling under this cumbersome, burdensome college debt," she said. Sanders called student debt "a major crisis in this country." He said he plans to raise taxes on Wall … [Read more...] about Hillary Clinton: ‘The hardest thing about going to college should not be paying for it’
The school year is in full swing and many new grads have entered college. It’s a good time to see if you qualify for two common education tax benefits: the American Opportunity Tax Credit or the Lifetime Learning Credit. These tax credits are available to taxpayers with qualifying expenses for an eligible student—themselves, a spouse, or a dependent, for example. The IRS explains: The American Opportunity Tax Credit provides a credit for each eligible student, while the Lifetime Learning Credit provides a maximum credit per tax return. Though a taxpayer often qualifies for both of these credits, he or she can only claim one of them for a particular student in a particular year. To claim these credits on their tax return, the taxpayer must file Form 1040 or 1040A and complete Form 8863, Education Credits.. You have to qualify, of course, and the credit amount depends on income. As the IRS explains, students typically receive Form 1098-T from their school, which details how … [Read more...] about Now’s a Good Time to See If You Qualify for College Tax Credits
Today, Donald Trump is scheduled to give a “big announcement” revealing his tax reform plan. While it is unlikely to reveal many new details, his press conference will serve as the opening shot for months of tax reform negotiations on Capitol Hill. And as Republican lawmakers try to reach a consensus on tax reform within a sharply divided party, they will take cues from an unusual source—the President’s eldest daughter, Ivanka Trump, who made her unprecedented position as “First Daughter” official just in time to wield formal influence over her top legislative priority: childcare reform. Ivanka, a 34-year-old mother of three and a powerful business executive, has spoken publicly about the the importance of affordable childcare. In her July convention speech, she promised that her father would “focus on making quality child care affordable and accessible for all” if elected President. In a September op-ed in The Wall Street Journal, she … [Read more...] about Could Tax Reform Under President Trump Actually Help Working Moms?
The wildly unpopular GOP tax bill, which is expected to pass through Congress along party lines imminently, includes a number of provisions that have big ramifications for the climate and the environment. These range from mostly good (preserving solar and wind tax credits) to actually the worst (drilling in the Arctic National Wildlife Refuge). RL Miller, co-founder of Climate Hawks Vote, told Earther that some of the worst attacks on renewables have been “neutered.” For example, the $7500 tax credit for buying an electric vehicle has been restored. “But it doesn’t begin to make up for the assault on the environment envisioned in this bill,” she said. Here’s a look at what’s going on in the bill from a climate and energy perspective. Drilling the Arctic National Wildlife Refuge This might just be the biggest environmental catastrophe in the GOP tax bill. It’s also insanely unpopular, with 70 percent of Americans in opposition, but then … [Read more...] about What the GOP Tax Bill Means for Climate, Energy, and the Environment