Bessent Advances Divisive $26 Billion School Tax Credit Plan
The US Treasury Department has released the initial operating manual for President Donald Trump’s controversial school choice program, which seeks to funnel billions in federal tax dollars to parents for education expenses like private school tuition.
The program, dubbed the Education Freedom Tax Credit, allows individual taxpayers to direct up to $1,700 of their annual federal tax bill to nonprofits that grant scholarships to students to pay for qualified educational expenses.
October 2026
States would have limited power to set specific conditions for how the first nationwide school choice program would operate in their localities, according to a proposed rule published today ...
October 2026
WASHINGTON—The Treasury Department will let married couples count as two taxpayers for a novel school-choice tax credit, significantly expanding a program that is expected to funnel tens of billions ...
September 2026
Colorado is poised to gain hundreds of millions of dollars in new resources for K-12 education. Much of that investment will be driven not by another line item in ...
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