In my post, I questioned how much education tax credits could help poor families.
“While allowing businesses to offer scholarships probably answers some of this, tax credits seem to favor those that pay more taxes, which happens to be those that make more money. A tax credit of up to $4000, for example, wouldn’t be very helpful in paying for private schooling if your total state tax assessment (and therefore your total credit) amounts to $400. And if you’ve got three or four kids, the disparity only gets worse. Schaeffer seems to completely ignore this problem.”
A couple of days ago, I was surprised to receive a personal email from Schaeffer, where he said:
“I just wanted to write you about your primary concern about tax credits, that they cannot serve lower-income families sufficiently. I see that I should emphasize this more in the future, but donation tax credits are fully capable of supporting lower-income children and help those on the margin in terms of income by supplementing their personal tax credits. These donation credit programs have been the most popular in recent years . . . PA has a fairly large program that helps thousands of low-income children. If the programs weren’t capped at such low amounts, they would be able to cover all children who need the support.”
I very much appreciate Schaeffer taking time to personally write me to address this issue.