Bob Schaffer: “It is more than a win-win situation. Every dollar that the government spends today or that every taxpayer spends today…”

“It is more than a win-win situation. Every dollar that the government spends today or that every taxpayer spends today through their Federal Government gets filtered through this bureaucratic process. In doing so, every dollar does not make it to the child by the time it gets down to the bottom of this filter. Only about 60 percent of the money spent on education alone gets to the child. The education tax credit does just the reverse. Rather than losing cash, which is what the government does today with your education dollar, the education tax credit actually doubles the money. The reason it does is because of one fact, and, that is, Americans really are willing to contribute their own cash to American schools and American education. If we can make that investment a little sweeter by offering an education tax credit, sure it still costs the government a little bit in the end, not nearly as much as the bureaucratic process, but the result is for every dollar the Federal Government spends through a tax credit that we are proposing, $2 actually make it to a child. So when we describe this idea to administrators and schools and teachers and business leaders and people who are involved in the education bureaucracy and have dealt with it for so many years, they are genuinely excited about this.”