Source: FOX News
Summary
A new analysis from the America First Policy Institute suggests that states that decline to opt in to the Education Freedom Tax Credit (EFTC) could forgo nearly $23 billion in education funding over the next three years. The institute will launch an interactive Funding Loss Calculator to show how much each non-participating state stands to lose in charitable donations tied to the federal tax credit program. The projections estimate that 23 states could miss out on nearly $23 billion between 2027 and 2029, equivalent to more than 4.1 million lost scholarship opportunities for students.
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As expected, the matter has reached another stage.
The America First Policy Institute has launched an interactive calculator to show the potential losses for states that opt out of the Education Freedom Tax Credit. The calculator allows users to model different participation rates and view projected losses on a state-by-state basis. Erika Donalds, chair of educational opportunity at AFPI, stated that the goal is to make sure governors and the public know what is being foregone if they do not opt in to the program. The program provides funding for private school tuition, homeschool expenses, curriculum assistance, tutoring, special needs services, and dual enrollment. So far, 28 governors have opted into the program.
The taxpayers in states that opt out can still claim the credit, but their contributions are redirected to organizations in other states, effectively sending education funding elsewhere. The calculator is meant to underscore the potential consequences for governors weighing whether to join the program. Donalds noted that every parent deserves to make education decisions on behalf of their children.
