DeVos’s New Tuition Tax Credit Voucher Proposal Is Dead on Arrival in Congress
Even if you believe public schools are among America’s most important public institutions, you have to give Betsy DeVos credit. She is perfectly consistent and doggedly persistent. Last week she proposed a new $5 billion federal tuition tax credit neo-voucher program. She is determined to privatize the public schools; fortunately she doesn’t seem to be getting anywhere.
For the NY Times, Erica Green describes DeVos’s pitch: “She called it a ‘bold’ proposal that gives ‘hundreds of thousands of students across the country the power to find the right fit for their education… The biggest winners will be America’s forgotten children, who will finally have choices previously available only for the rich, the powerful and the well-connected.'”
So… what is Betsy proposing in 2919? The Washington Post‘s Laura Meckler explains: “The proposal would authorize a 100 percent credit for contributions to any state-sanctioned scholarship fund, meaning donors could get back their entire donation through their federal taxes… The maximum credit would be set at 10 percent of an individual’s adjusted gross income, or 5 percent of a business’s net taxable income. Overall, the program would be capped at $5 billion a year.”
The thing is that, except for Texas Senator Ted Cruz and Rep. Bradley Byrne of Alabama, who are among the proposal’s sponsors in Congress, nobody seems to think DeVos’s new tuition tax credit vouchers are a good idea.
Meckler reports: “A similar federal tax credit was pushed in the first year of the Trump CONTINUE READING:DeVos’s New Tuition Tax Credit Voucher Proposal Is Dead on Arrival in Congress | janresseger
