Bob Schaffer: “That is right. And the benefit in our bill, let me just start with the dollar amounts and some of the specifics, it is a…”

“That is right. And the benefit in our bill, let me just start with the dollar amounts and some of the specifics, it is a $250 benefit to every individual taxpayer in the country. Well, $250 is a certain dollar amount that every American is going to send to Washington under the current law. What we want to do is take $250 of people's current tax obligation and give them a choice on how to spend it. They can continue to send it to Washington, as they do today, or if the bill passes, they would have a choice to continue to do that or to send $250 to a local school of their choice, a public school in the neighborhood, or maybe a scholarship organization that provides scholarship funds to low-income students so they can attend the school of their choice. In order to actually increase the amount of money invested in education in America, this tax credit is a 50 percent credit. We will give $250 back from the government if they will send that plus another $250, $500 total, to a school. That is the proposal. It works very simply. If you make a $500 investment, total, to a public school or a private school, or a scholarship fund so kids can go to private schools, we will change the Tax Code so you will get $250 of it back out of the tax bill. It is a beautiful proposal. Six States are using it today. It has made a remarkable difference in the education opportunity for poor children in those States, and we want to do it for the country.”