Possible IRS rule change alarms charter schools.

Via Email ^ | 2/4/2012 | Carolyn Cox

[SubMareener]

Possible IRS rule change alarms charter schools. The IRS is proposing changes to the rules for Charter Schools. You have until Monday to comment at the National Alliance for Public Charter Schools website.

The issue is this: The regulation would force those charter school teachers who have chosen to be in the state retirement system and are currently contributing to their state retirement plans to quit their charter-school jobs or lose the money that has been contributed to their accounts by the state. Teachers can keep what they've put into the account, but anything the state has put in would be gone.

This is a retroactive action that is certainly unfair and should be illegal.

But apparently the proposed regulation will not be subject to a vote by Congress and is NOT legislation. Instead, the IRS is simply required to use its expertise and experience to come up with the best policies.

Is this the first act of redistribution from people this administration dislikes to those it favors?

Carolyn Cox
Chairman, Pima County Republican Party

[SubMareener]

First they came for the Catholics, then they came for the Charter School teachers.

[I am Richard Brandon]

"First they came for the Catholics, then they came for the Charter School teachers. "

Just think what he can do with FOUR MORE YEARS! And with the current state of the GOP Nomination race,it won't matter even if he loses.

[cookcounty]

Is this possibly correct? Insanity!

[cookcounty]

Link doesn’t work

[SubMareener]

http://www.publiccharters.org/Additional-Pages/IRS-Proposed-Regulations.aspx If at first you don't succeed, try again!

[Sacajaweau]

You reeally thing the IRS has this power? Me thinks not.

[Brilliant]

These guys are like burglars in the night. You wake up in the morning, and everything you’ve worked for 30 years is gone, and is being used to pay their retirement.

[GeronL]

How about we make charter schools go completely private??

[TheGunny]

I am super confused. I thought Charter Schools were “public” schools??

[RedMDer]

All contributions are for the Current Quarter Expenses.

[Clintonfatigued]

This is political favoritism at its rankest. It’s an attempt to force Charter School teachers further under control of the NEA and assorted leftist groups.

[metmom]

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[cycjec]

Apropos of the query in the posted article, this is
by no means the first redistribution effort.