'It is obscene': UC Berkeley faculty, students stand against Republican tax plan
The U.S. House of Representatives passed the Republican Party’s latest tax bill, which could increase financial burden on graduate students, Thursday.
As the law currently stands, tuition waivers that graduate students receive from their universities are not considered taxable income. Under the Houseâs version of the Tax Cuts and Jobs Act, or TCJA, tuition waivers would be considered taxable income for which graduate students would be required to pay.