Posts Tagged ‘tax credit’

A few words on the Education Investment Tax Credit

Monday, June 23rd, 2014

On Friday the New York Post published an op-ed I wrote on the Education Investment Tax Credit:

The concept of the tax credit is simple, and similar plans have already been passed in 21 other states and the District of Columbia.

Donors would be encouraged to contribute to scholarship funds for private schools, or to donate to support public schools, for which they would receive a credit on their tax returns…

Gov. Cuomo told us he supported the bill, as did Senate leader Dean Skelos. Eighty-eight members of the Assembly had signed on as co-sponsors. It had overwhelming support in the state Senate. We were assured that passage would be a “no-brainer.”

Read the rest here.

Also Friday the New York State Catholic Conference released the following statement on the proposed credit:

“Along with Catholic school families across the state, we are deeply disappointed and angry at the failure to pass an Education Investment Tax Credit, which would have generated needed scholarships to help families afford parochial schools, yeshivas and other non-public schools, as well as benefitted public schools and all teachers.”

Read the rest of the statement here.

We are not giving up!