Senate and House Republicans are on their way to passing a new tax code for the country.
SAN DIEGO (KGTV) -- Senate and House Republicans are on their way to passing a new tax code for the country.
Both have passed their own bills, each lowering the corporate tax rate to 20 percent. However, differences in the bills must be hashed out in order to settle on a final plan.
One provision in the House plan has UC San Diego graduate students extremely concerned.
Graduate students work for universities as research, lab and teacher's assistants. They receive a small stipend, at UCSD it ranges anywhere from $18,000 to $30,000.
They also get their tuition waived as additional compensation. Under the House's tax plan, tuition waivers would be considered taxable income, forcing some students to pay thousands more in taxes.
10News spoke with several UCSD students who say they would have to drop out of school if this provision ends up in the final plan.
They believe only the extremely wealthy would be able to afford graduate school and it would hamper diversity in our universities.