Bloomberg BNA: Some Private School “Donors” Use Tax Code to Turn Profit
media mention“Carl Davis is the research director at the Institute on Taxation and Economic Policy. ITEP is a non-profit and non-partisan research group that works on federal, state, and local tax issues.
On the campaign trail, President-elect Donald Trump said that he would encourage states to provide more public funding for private schools through the creation of a $20 billion federal grant program. Directing public dollars to private schools is a divisive education policy course for a host of reasons, but funneling additional dollars to private schools could also enlarge a tax policy problem that has received little attention thus far: upper-income taxpayers exploiting generous private school tax incentives to turn a profit at the public’s expense.”
Carl Davis is the research director at the Institute on Taxation and Economic Policy. ITEP is a non-profit and non-partisan research group that works on federal, state, and local tax issues.
On the campaign trail, President-elect Donald Trump said that he would encourage states to provide more public funding for private schools through the creation of a $20 billion federal grant program. Directing public dollars to private schools is a divisive education policy course for a host of reasons, but funneling additional dollars to private schools could also enlarge a tax policy problem that has received little attention thus far: upper-income taxpayers exploiting generous private school tax incentives to turn a profit at the public’s expense.