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Round Yon Tax Credit
The American Spectator ^ | 12/21/2007 | Adam B. Schaeffer

Posted on 12/26/2007 7:07:15 AM PST by wintertime

A poll released last week by the Illinois Policy Institute and the Friedman Foundation revealed a surprising item on the Christmas wish lists of Illinois parents: a new school for their kids. Four out of five Illinoisans said they would opt out of traditional state public schools if given the chance. And they would choose private schools over public by a margin of two to one (39 percent to 19 percent).

Legislators can help grant that wish and save money at the same time. How? By expanding the state's education tax credit program.

Education tax credits are a great way to use private funds to improve education and expand school choice for all families while saving taxpayers money. The credits reduce the amount a taxpayer owes the government for each dollar he spends on education. If a business donates $4,000 to a scholarship-granting organization, it could deduct $4,000 from its tax liabilities. Similar benefits for donations can be applied to individuals or to parents on education expenses for their own children.

(Excerpt) Read more at spectator.org ...


TOPICS: Culture/Society; News/Current Events
KEYWORDS: school
The best solution would be for the government schools to simply collapse on their own. This could happen. Two things are needed:

1) Enough parents need to remove their kids. 2) A massive school tax revolt.

As for tax credits and vouchers, of the two, tax credits are the better choice.

Finally, in my state there are charter schools, a very small voucher program, and some tax credit schlarships. The waiting lists for all of these options are **ENORMOUS**! So,,,how long do you think the NEA can hold out against this kind of pressure?

1 posted on 12/26/2007 7:07:16 AM PST by wintertime
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To: wintertime

We can't have that. We have to indoctrinate their little brains with mindless pablum and liberalism. They have to be taught that the environment is more important than their country. That way, they will give up the right to vote and I will be Queen.

/Sarcasm OFF

2 posted on 12/26/2007 7:11:01 AM PST by sr4402
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To: wintertime
So in Illinois donations to certain state approved education and scholarship foundations are deductible from the tax liability, not just listed as a general business expense?

Wow, that would sure change the equation for education in a heartbeat.

Imagine if Sears made a multimillion dollar gift to education and wiped out their tax bill for 2007!

I’d love to see the rats in Springfield race to change that law once they realized that it cost them budget dollars to spend!

3 posted on 12/26/2007 8:08:31 AM PST by texas booster (Join FreeRepublic's Folding@Home team (Team # 36120) Cure Alzheimer's!)
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To: texas booster

States that have tax credits have a limit on how much a business or individual can donate and write off.


4 posted on 12/26/2007 10:40:08 AM PST by wintertime (Good ideas win! Why? Because people are not stupid.)
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To: sr4402

mindless pablum and liberalism.

^^^^^^^^^^^^^^^^^^^^^^^^^^^^

Time to call it what it really is: Marxism!


5 posted on 12/26/2007 10:41:11 AM PST by wintertime (Good ideas win! Why? Because people are not stupid.)
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