December 25, 2017

Alternet: Republican Tax Plan Opens Backdoor to Federally Supported School Vouchers

media mention

Another voucher-like provision Republicans put into the tax code will not have as much immediate impact as the 529 extension but may have much more negative and wide-reaching effects long-term.

As an analysis by the Institute on Taxation and Economic Policy explains, a loophole added to the tax bill in conference “reward[s] some of the nation’s wealthiest individuals with a strategy for padding their own bank accounts by ‘donating’ to support private K-12 schools.” Read more