Who’s Trading Public School Funding for a Tax Credit?
Ever wonder why our roads and public school buildings are crumbling?
Ever wonder why schools can’t afford books, buses and nurses?
Ever wonder why classroom teachers are forced to buy paper, pencils and supplies for their students out of pocket?
Because businesses like Giant Eagle, American Eagle Outfitters, and Eat’n Park aren’t paying their fair share.
It’s a simple concept – you belong to a society, you should help pay for the roads, bridges, schools, etc. that everyone needs to keep that society healthy.
After all, as a stockholder, CEO or business owner, you directly benefit from that society. If it didn’t exist, you wouldn’t have nearly as many customers – if any.
Many of us learned this kind of stuff in kindergarten or grade school.
But ironically programs that allow businesses to avoid paying their fair share are being used to short change many of those same kindergarten and grade schools.
In Pennsylvania, one such program is called the Educational Improvement Tax Credit (EITC), and everyone from local banks to Duquesne Light to UPMC healthcare providers are using it to lower their taxes while stealing from the public school cookie jar.
Here’s how it works.
If you expect a tax bill of $X at the end of the year, you can donate that same amount to the state for the purpose of helping parents pay off enrollment at a private or CONTINUE READING: Who’s Trading Public School Funding for a Tax Credit? | gadflyonthewallblog
