Friday, May 12, 2006

School Choice Advances Under the Banner of Tax Credits

Reformers in some states have moved from pushing vouchers to emphasizing educational tax credits, which seem more palatable to both liberals (because no money is taken from public-school coffers) and conservatives (because private schools are less vulnerable to state regulation than if they become dependent on voucher payments).
[snip]
In Minnesota, families making less than $33,500 a year can take advantage of a 75 percent credit, while families making between $33,000 and $37,500 get less. Illinois has a 25 percent credit on qualified educational expenses over $250, with a maximum of $500 per family. Iowa recently increased its credit from 10 percent to 25 percent of the first $1,000 spent.[snip] World Magazine

No comments: