It is a good step.
I would like for there to be a refundable tax credit per-student per-year in an amount sufficient to cover tuition for all those enrolled in private schools.
That would spur the development of new schools and revive education in America.
Will this also exempt $10 k per year for Sharia schools????
Yes, the deduction for private K-12 school tuition is right. The parents are already paying property and state taxes for “public” schools they don’t send their kids to.
I’d be glad to offer an alternative to those that don’t like that idea.
How about we make 100% of all per-student federal, state and local money for K-12 education given as two vouchers a year to the parents, given three months before the start of each semester, and allowing the parents to hand over those vouchers to ANY school of their choice - public, private, secular or religious-based.
I’d be willing to claw back the tax deduction for private tuition if that was what we did with the public money.
My position is the public commitment to K-12 education must be for EDUCATION and not a commitment to protecting any education institution. To the “public” schools I say, “it’s not about helping you in particular, it’s about supporting the kids, wherever the parents think best”.
more stupid things that sound good til you look at the whole picture of what could happen.
Good provision. As a concerned parent when my kids were growing up, I had to decide between public and private schools. I chose to educate my kids in private schools during their early years and later switched to public schools when I felt the kids had attained the fundamental education they needed to succeed. To have been able to write off or apply a voucher would have lessened the economic impact that a young family experiences when deciding their priorities.
Yes, I invested a lot of money and learned from the process that not all kids educational needs are alike. Some are more applicable to a 4-year college and others to a trade or apprenticeship. I got the hint when my son had to retake a Texas History course in Junior college three times to get a C.
This is especially important if they are using the student loan program. Unfortunately, number one son was using his student loan for housing and tuition which abruptly ended when he flunked leaving him heavily in debt. I thought he was paying his way through his day job so I was never asked to co-sign. But beware of co-signing and it’s impact on you if the kid defaults.
BTW, I’m keeping a watchful eye on Ted Cruz before making any future decisions.
This tax break would have really helped out.
Too bad it could not be retroactive.
Shame on Collins and Murkowski. They should hand in their Republican credentials.
ping
By the new rules the Republicans just wrote, this means we’re subsidizing your kid’s private education.
Although I don’t expect to see a tax code compliant with Congress’s constitutional Article I, Section 8-limited powers coming from the 115th Congress, patriots are reminded of the following.
One of the very few domestic policy issues that the states have actually expressly constitutionally delegated to the feds the specific power to tax and spend for is the U.S. Mail Service (1.8.7).
So if a federal spending program is not reasonably related to the mail service, then patriots can bet that it is unconstitutional and probably be right most of the time.
In other words, the Founding States had expected the individual states, not the feds, to establish their own custom social spending programs, a given state’s programs ultimately depending on the services that the legal majority voters of a given state want.
“Congress is not empowered to tax for those purposes which are within the exclusive province of the States.” Justice John Marshall, Gibbons v. Ogden, 1824.
"State inspection laws, health laws, and laws for regulating the internal commerce of a State, and those which respect turnpike roads, ferries, &c. are not within the power granted to Congress [emphases added]." —Gibbons v. Ogden, 1824.
"4. The issuing of a policy of insurance is not a transaction of commerce within the meaning of the latter of the two clauses, even though the parties be domiciled in different States, but is a simple contract [emphases added] of indemnity against loss.” —Paul v. Virginia, 1869. (The corrupt feds have no Commerce Clause (1.8.3) power to regulate insurance.)
"The smart crooks long ago figured out that getting themselves elected to federal office to make unconstitutional tax laws to fill their pockets is a much easier way to make a living than robbing banks." —me
"Federal career lawmakers probably laugh all the way to the bank to deposit bribes for putting loopholes for the rich and corporations in tax appropriations laws, Congress actually not having the express constitutional authority to make most laws where domestic policy is concerned. Such laws are based on stolen state powers and uniquely associated stolen state revenues." —me
Jivanka’s way to try to make their rich, liberal friends in NYC still love them.
Disgusting.
529 contributions are nice for state tax deductions.
And I take back that 80% good I had said about Ted Cruz.
Sure—you’re excited to go massively on the federal dole for this, but it is yet another unfair, massive entitlement that will be abused. In this case there isn’t even any means testing and the benefits will overwhelmingly go to the rich.
OUTSTANDING - perhaps I will vote for Cruz after all.
The Federal Government should have nothing to do with Public Education.
If the State and Local Governments want to fund Public Education it is Constitutional. The Federal Government funding it is Unconstitutional. It ain’t in there, period.
We have no Children and we have been funding Public Education through our Property Taxes for decades.
I have one in private school and one that is homeschooled.
I am very curious to find out what strings are attached to the homeschooling part. I know some Canadian provinces offer tax benefits for homeschoolers but there are rules about using government-approved curriculum, no religious materials can be purchased, etc.