House Republicans are not only busy cutting Medicaid, but also working on dismantling American public education while giving the very wealthy a nice tax break.
Yes, a national school voucher scam – supported by President Trump and backed by his former Education Secretary, Betsy DeVos – is taking shape as part of the current budget wrangling.
Here’s what one group that analyzed the bill said:
“. . . we estimate that this tax avoidance maneuver would deprive the federal government and state governments of more than $2 billion in capital gains tax revenue over the next decade. This would come on top of the roughly $21.5 billion cost of the tax credit itself, bringing the net total revenue loss to over $23.6 billion.“
If you wanted to undermine public education – even in states like Kentucky with no vouchers or charter schools – this would be the way to do it.
As an example, Tennessee public school districts are estimated to lose more than $50 million in state investment in year one of the state’s new, universal school voucher scheme.
