Episode Details
Back to Episodes
Billions in Tax Credits for Schools: Governors Decide
Published 1 week ago
Description
A new federal tax credit scholarship law, set to launch in 2027, offers a 100% tax credit for donations up to $1,700 per person to nonprofit scholarship groups. This could funnel up to $24 billion annually into K-12 education, but its up to each states governor to opt in. Colorados Governor Jared Polis and North Carolinas Governor Josh Stein support it, while teacher unions oppose it due to potential funding for private schools. Budget-strapped states like California and New York could benefit significantly, potentially avoiding tax hikes. The decision lies with governors, who must choose between unlocking billions for families or letting donors send that money elsewhere.
The Daily News Now! - Every city. Every story. AI Powered.
Hosted on Acast. See acast.com/privacy for more information.