What is also important is that there are nine States that have no income tax, so they are really looking to the Federal Government to provide this kind of assistance and education funding through tax freedom in those States. I might also add, these others that have already moved forward on tax credits on the State level, they are ahead of the curve. They are already, from an infrastructure standpoint, already equipped to really squeeze the greatest amount of buying power out of a Federal tax credit. I think those six States that I mentioned already, they perhaps have the most to gain up front from an education tax credit that we can pass here. That is probably the reason why the Members of Congress from these States are some of the most enthusiastic supporters that we have seen so far, even at this stage of the discussions.
Bob Schaffer: “What is also important is that there are nine States that have no income tax, so they are really looking to the Federal…”
Editor's note · Context
Discussing the impact of federal education tax credits on states with no income tax.
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