Tax Credits For All

Collin Hitt of the Illinois Policy Institute has a great piece on Spontaneous Solutions a Publication of the Illinois Policy Institute
called Tax Credits For All.

Tax Credits For All

posted by Collin Hitt

The Illinois Policy Institute has partnered with the Illinois chapter of Americans for Prosperity to host a series of education reform forums. The most recent event was in Quincy, and the Herald Whig did a good job covering it.

I've spoken at both events, detailing the new Institute proposal, an "Earned Education Tax Credit." The idea is simple: a $4,000 refundable tuition tax credit (think rebate, or voucher) for every student under the age of twenty three. Among other things, the tax credit would count against incurred tuition costs of preschool, private school and college.

I'm going to be writing and speaking on the topic a lot in the coming year. I'd like to have your thoughts on it, sooner rather than later. So, Conservatives, what do you think of the state underwriting the costs of preschool and college? Liberals, can you reasonably defend a preschool and college subsidy that doesn't also apply to K-12 education - the area where it is needed most?


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