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Save Our Schools: Cut Taxes.(universal education credit)(Brief Article)
Save Our Schools: Cut Taxes Darcy A. Olsen and Matthew I. Brouillette, Reclaiming Our Schools: Increasing Parental Control of Education Through the Universal Tax Credit. Cato Institute, 1000 Massachusetts Avenue N.W., Washington, D.C. 20001.
Olsen of the Cato Institute and Brouillette of the Mackinac Center suggest a good way to expand school choice is through the establishment of a "universal education credit." Under Olsen and Brouillette's proposal, anyone could receive a tax credit by directing that a portion of their taxes be used to pay part of the cost of educating a child. Corporations could also receive the tax credit by awarding scholarships.
The authors base their proposal on reforms enacted by Arizona in 1997. Arizona residents may deduct up to $500 of their state tax bill if they send the money to a "scholarship organization." By 1999, 31 of these scholarship organizations used $13.7 million in ...
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Source: HighBeam Research, Save Our Schools: Cut Taxes.(universal education credit)(Brief...