Sludge: ‘Unprecedented’ Tax Credit in GOP Megabill Would Fuel School Privatization

Sludge: ‘Unprecedented’ Tax Credit in GOP Megabill Would Fuel School Privatization

An analysis by the Institute on Taxation and Economic Policy (ITEP) estimates the provision would cost the federal government $134 billion over the next decade, while only generating about $126 billion in actual contributions to school voucher programs and providing $10.5 billion in personal profit to wealthy donors in the form of capital gains tax avoidance.