Carl Davis, the research director for the Institute on Taxation and Economic Policy, noted that the new tax credit would be extremely generous in providing a 100 percent tax break, especially because the new tax law eliminated some incentives for charitable giving. “Now they want to put a supersized one back into the code,” he said, “but only if you donate to the cause they’ve cherry-picked for you: private K-12 schools.” Read more
February 28, 2019
New York Times: Betsy DeVos Backs $5 Billion in Tax Credits for School Choice
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