Pete Hoekstra: “I want to really reinforce the point my colleague made, which is that this system shrinks the taxpayers' dollar; that…”

“I want to really reinforce the point my colleague made, which is that this system shrinks the taxpayers' dollar; that when we put a dollar at the top of that funnel, by the time it gets down to the student, that dollar has shrunk from $1 to something like 65 cents. In the education tax credit model, with the tax credit model, we actually grow the dollar. The person puts in $2, but it only costs, or the reduction in Federal income taxes is only $1, so we actually grow it. So if we invest $1 there, we end up with 60 cents in the classroom. If we invest $1 here, we end up with $2 directly going to the student in local communities with, in this case, the local school board deciding how this money is going to be spent.”