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Cato Podcast

The Next State to Adopt Scholarship Tax Credits Is …

Cato Podcast

Cato Institute

Immigration, News, News Commentary, Peace, 424708, Markets, Government, Libertarian, Policy, Politics, Cato, Defense

4.5979 Ratings

🗓️ 22 September 2017

⏱️ 16 minutes

🧾️ Download transcript

Summary

What's the record for scholarship tax credits and other school choice programs so far? Jason Bedrick of EdChoice discusses the most recent changes.

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Transcript

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0:00.0

This is the Cato Daily Podcast for Friday, September 22nd, 2017.

0:08.6

I'm Caleb Brown.

0:09.7

Illinois is now the largest Blue State to adopt a tax credit scholarship school choice program.

0:16.0

At the State Policy Network annual meeting I spoke with Jason Bedrick of Ed Choice about

0:20.4

what it means that so many states are adopting tax credit programs for

0:24.9

K-12 schooling. Tax credit scholarships are something that are you know it's near

0:32.2

and dear to your heart of course you're from New Hampshire and

0:35.4

New Hampshire and now has a tax credit scholarship plan that is growing in popularity. Many states have adopted these.

0:44.2

They are very strong in terms of withholding, with standing constitutional scrutiny, and now Illinois, as you noted before we started recording is the largest

0:56.0

blue state to adopt tax credit scholarships. Why did they do it? What was the

1:02.4

what was the thing that made it

1:03.6

happen? Right, so there was a battle over the school funding bill between the

1:08.4

governor and the legislature. The governor wanted pension reform. The legislature was not in a mood to give it to him

1:17.4

and it seems that they compromised by giving the governor this tax credit scholarship program.

1:25.0

Illinois is now the 18th state in the nation to adopt tax credit

1:29.5

scholarships.

1:31.0

Like vouchers, they help students attend the school of their choice.

1:35.0

The differences that whereas a voucher is publicly funded, tax credit scholarships are privately funded.

1:41.0

So individual or corporate donors

1:45.0

make contributions to nonprofit scholarship organizations.

1:49.8

In return, they get a tax credit.

1:51.8

In Illinois, it's a 75% tax credit in other states it ranges

...

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