Final week on Tax Day, 30 Democratic Senators, together with Senators Schumer and Gillibrand from New York, launched the Preserve Public Funds in Public Colleges Act to repeal the Federal Scholarship Tax program accepted as a part of the Massive Stunning Invoice. A extra acceptable identify for this invoice could be “Keep Public Funds out of Parents’ Hands” as a result of the objective of killing the federal tax credit score is to maintain our tax {dollars} underneath the management of unionized district faculties, not mother and father. Starting subsequent yr, the Federal Scholarship Tax program permits taxpayers to deduct $1,700 from their…
