ALERT 2: When the massive tax and reconciliation bill passed and was signed into law, the bill established a different version of federal vouchers. ALERT, Friday, June 27, 2025 : Ranking member of…| janresseger
The House tax plan cuts charitable giving tax incentives for donors to most nonprofit groups while roughly tripling the incentive available to donors to groups that fund private K-12 school vouchers. The bill would also allow private school voucher donors to avoid capital gains tax on their gifts of corporate stock, creating a profitable tax shelter for wealthy people who agree to help funnel public funds into private schools. The bill would reduce federal tax revenue by $23.2 billion over th...| ITEP