Political Quotes

“I emphasize the fact that my wife, both of my sisters, and my niece are all public school teachers. You made the point in your remarks that these dollars can go by a donor to a public school. That is, I think, one of the points that people have concern about. The other point, and people get confused, when we talk about cost to the government, I just want to make it clear that we understand this. As this system works, if you give a dollar directly to an educational institution, be that a public school in your neighborhood or a private school, or to an organization that creates scholarships, I take it, for a public or a private school, that dollar goes directly to that school and is used by that school. When you say it only costs the government 50 cents, or it only imposes a cost upon the government of half of that, what you are saying is that it, as an inducement or a way to encourage taxpayers to engage in this activity, the taxpayer's tax liability to the government goes down by half of what they give. So you are actually doubling the amount of money that goes to education, because they give $500, would be the max, and they get a tax credit, that is, they can reduce their check at the end of the year that they owe to the government by half of that. In this case it is $250.”