The Educational Choice for Children Act of 2025 would provide donors to nonprofit groups that distribute private K-12 school vouchers with a dollar-for-dollar federal tax credit in exchange for their contributions. In total, the ECCA would reduce federal and state tax revenues by $10.6 billion in 2026 and by $136.3 billion over the next 10 years. Federal tax revenues would decline by $134 billion over 10 years while state revenues would decline by $2.3 billion.| ITEP
Addressing our nation’s long-term fiscal challenge will require additional revenue, including higher taxes on the rich. However, before policymakers succumb to the popular desire to impose higher marginal tax rates on the rich, they should consider whether taxes are as unfair as many people believe. They should also consider the potential unintended consequences of higher marginal tax rates.| The Concord Coalition