Perverse Law in 9 States Enriches Donors to Private Schools: Trump Could Be on the Verge of Taking It National | Alternet
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Education
Perverse Law in 9 States Enriches Donors to Private Schools: Trump Could Be on the Verge of Taking It National
A GOP-sponsored bill finds more ways to starve traditional public schools.
By Steven Rosenfeld / AlterNet
June 5, 2017, 1:39 PM GMT
The Trump administration’s push to privatize public education not only seeks to deprive traditional K-12 schools of billions in federal aid, but may greatly expand existing tax loopholes that already allow wealthy people and firms to make money on donating to private schools.
The proposed Education Opportunities Act would “put two new federal voucher tax shelters within reach for many more Americans and lead to an explosion in funding for private schools,” a joint release from the School Superintendents Association (ASSA) and Institute on Taxation and Economic Policy (ITEP) said. “It would also keep in place an existing federal loophole that permits savvy taxpayers to benefit from certain ‘double-dipping’ practices, where they receive a federal deduction and state tax credit on the same donation to a private school.”