Higher Ed Impacted as Government Shutdown Wears On
As the longest federal government shutdown in history continues, higher education researchers are left without grant funds, critical agencies are missing from academic conversations, and compliance guidance on new tax laws has come to a halt. NACUBO asks members to share with us any impacts the shutdown is having on your campus, and the steps your institution is taking to alleviate the burden on impacted students, families, and faculty.
“Blue Book” Affirms Intent to Tax Executive Compensation at Public Colleges
In its explanation of the 2017 Tax Cuts and Jobs Act, the nonpartisan Joint Committee on Taxation acknowledged that Congress intended the new executive compensation excise tax to apply to all public colleges and universities as well as private institutions—but said the law as written does not match that intent.
Government Reopens but Uncertainty Remains
The ongoing budget stalemate makes it unclear how policymakers will tackle other unfinished legislative business on Capitol Hill in 2019 (ranging from tax extenders and technical corrections to addressing a debt-limit hike). Surprisingly, lawmakers on both sides of the aisle are optimistic about reauthorization of the Higher Education Act.