Bob Schaffer: “this chart on my right is an illustration of just one scholarship fund that exists in America, the Children's…”

“this chart on my right is an illustration of just one scholarship fund that exists in America, the Children's Scholarship Fund. This is where the interest is and where people have applied. What we want to do is take a look at how widespread this interest is and actually enhance it and improve it. Because the reality is, the scholarship fund does not have enough money to give to all of the children who wanted the kind of choice that that scholarship allows. This is a chart that shows the distribution of where those scholarships went; and as my colleague can see, although it is impressive, it is in far fewer areas than the interest indicates. And by providing a tax credit, we cannot only help this particular fund, this is just one of them; we will help them get more money, certainly, so that they can make more loans; but just imagine that there are these kinds of organizations that exist in every single State.”