On the recordMay 22, 2002
Really, we get three times the bang for our buck. Because when it goes through the system, it ends up with 60 cents. When you go with the tax credit model, you end up with $2 in your local classroom. Three times the 60, 65 cents, gets you to the two bucks. This is a much more effective way to invest in education. The other thing is the model of the pyramid that you are outlining; there is a tremendous amount of accountability in there. Because when we in Washington give people some of their money back, we do not trust them to do exactly what they are supposed to do so we put together a whole set of rules and regulations telling these folks exactly how the money should be spent. And then once they spend the money at the local level, they have got to go back up the reporting chain to tell everybody that the thing we got the money for, that is what we actually spent it for. Of course then again the Federal Government will not believe them, so then we will send an auditor back to make sure the reports they sent back to us are exactly right. That is an inefficient model; but as we have said, that model is going to stay. We want to come up with a companion piece where the accountability becomes the accountability directly between a local school, a scholarship fund and the taxpayer.
Source
govinfo.gov




