TIPPECANOE COUNTY, Ind. (WLFI) — Americans may be getting a finalized tax plan just in time for the holidays.
Republicans in the House and Senate reached an agreement on how to reconcile their two tax reform bills.
Indiana Senator Todd Young says he supports the plan.
Young believes it will allow Hoosiers to keep more of their hard-earned money.
As we've previously reported, many Purdue graduate students worry about the House version's plan to tax stipends and tuition waivers.
News 18 asked Young about those concerns.
"I've weighed in quite heavily thanks to the people in Indiana who have told me that they weren't happy with exactly where those provisions stood, we've made some improvements between the house and senate versions and I think the final bill will yet further improve," said Young.
Young believes this plan will put more money in the hands of those wanting to invest in education, saying, "We're going to create more opportunities on the back end by creating an environment where more businesses can be created so the people of Lafayette like those around Indiana recognize that this bill is a huge improvement on what we have right now."
A vote in both chambers is expected next week.