House Tax Bill Enlists the Wealthy to Spread Private School Vouchers

Measure in GOP Bill Incentivizes School Privatization Funders With Tax Breaks

Embedded in the House GOP’s advancing reconciliation package is a major, long-sought victory for school privatization advocates that would let rich funders of vouchers avoid taxation, a change that opponents warned would supercharge the right-wing assault on public education. The measure, which resembles the GOP-authored Educational Choice for Children Act (ECCA), was tucked into the House… Source

GOP Bill Gives Rich Funders of Deeply Unpopular School Privatization 'A Lucrative Tax Shelter'

"The House tax plan would create a system that treats people supporting private K-12 vouchers far more generously than donors to children's hospitals, veterans' groups, and every other cause imaginable."

House Tax Bill Enlists the Wealthy to Spread Private School Vouchers

Key Findings The House tax plan cuts charitable giving tax incentives for donors to most nonprofit groups while roughly tripling the incentive available to donors to groups that fund private K-12 school vouchers. Donors to children’s hospitals, veterans’ assistance groups, and other charities would receive no more than 35 cents in tax savings for each dollar donated, while donors to private K-12 school voucher groups would receive a full reimbu…

How the New GOP Tax Bill Benefits the Rich and Forces Vouchers into Every State

www.instagram.com/reel/DJkOywKPU2u/ Josh Cowen of Michigan State University read the latest GOP tax bill closely. He explains what it contains for schools. It’s a plan to set up tax havens in every state for the wealthiest Americans. It forces vouchers for religious and private schools into every state, even states that don’t want them. It allows every voucher school to determine its own admissions policy. It enables discrimination. It enriches …

Wealthy taxpayers get new breaks under House bill and hidden hike - Finnoexpert

A version of this article first appeared in CNBC’s Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive future editions, straight to your inbox. High earners would get a series of tax cuts in the latest House reconciliation plans , yet many could also be subject to a little-noticed tax hike that could limit their charitable giving and other deductions, according to tax experts…